The super-sovereign international reserve currency refers to an international reserve currency that is decoupled from sovereign countries and can keep its currency value stable for a long time.

On June 26th, 29, the Bank of China published the China Financial Stability Report (29), which was the proposition that the central bank formally proposed to create a super-sovereign international reserve currency since March.

reform the international monetary system, promote the improvement of the international reserve currency in the direction of stable value, orderly supply and adjustable aggregate, and fundamentally safeguard global economic and financial stability. To avoid the inherent defects of sovereign credit currency as a reserve currency, it is necessary to create an international reserve currency that is decoupled from sovereign countries and can maintain long-term stability, give full play to the role of Special Drawing Rights (SDR), and allow the IMF to centrally manage part of the reserves of member countries, so as to enhance the ability of the international community to cope with the crisis and maintain the stability of the international monetary and financial system.

The report of the Bank of China emphasizes that the Special Drawing Rights (SDR) should be brought into full play, and the IMF should centrally manage part of the reserves of member countries, so as to reduce excessive dependence on the existing few reserve currencies and enhance the international community's ability to cope with the crisis and maintain the stability of the international monetary and financial system.