Heard about it?
Money issued by IMF.
Pegged to a basket of national currencies:
"The currency value of the SDR is determined by summing the values in U.S. dollars, based on market exchange rates, of a basket of major currencies (the U.S. dollar, Euro, Japanese yen, and pound sterling). The SDR currency value is calculated daily (except on IMF holidays or whenever the IMF is closed for business) and the valuation basket is reviewed and adjusted every five years."
That is, it is pegged this way until it is pegged otherwise.
http://www.imf.org/external/np/fin/data/rms_sdrv.aspxWhat is the money base?
"• SDR 9.3 billion was allocated in yearly installments in 1970–72.
• SDR 12.1 billion was allocated in yearly installments in 1979–81.
• SDR 161.2 billion was allocated on August 28, 2009.
• A special one-time allocation of SDR 21.5 billion took effect on September 9, 2009, bringing total cumulative allocations to about SDR 204 billion (equivalent to about US$318 billion)."
and...
"Q. Will the SDR allocation be inflationary?
A. Not likely."
http://www.imf.org/external/np/exr/faq/sdrallocfaqs.htmThis must surely end world poverty. (sarcasm).