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"You really need to bring China into the creation of a new world order, a financial world order," Soros told FT. "They are kind of reluctant members of the IMF. They play along, but they don’t make much of a contribution because it’s not their institution. ... They have to own it the same way as, let’s say, the United States owns the Washington consensus, the current order, and I think this would be a more stable one where you would have co-ordinated policies...
"I believe that basically the system is broken and needs to be reconstituted," Soros said. "We cannot afford to have the kind of chronic and mounting imbalances in international finance. So, you need a new currency system and actually the Special Drawing Rights do give you the makings of a system and I think it’s ill-considered on the part of the United States to resist the wider use of Special Drawing Rights. They could be very, very useful now when you have a global shortfall of demand. You could actually internationally create currency through special drawing rights, and we’ve done it."