Hot on the heels of the Euro, the *UNo*
That's pretty silly, but it gets sillier:
“World currency is de jure not legal because it was never accepted by any communities, any organizations and there is no such law in the world...The procedure of the activity of the world currency issuer is not democratic. The mechanism of the balance of demand and supplies of the world currency is uncompetitive and constrained. The world currency market is not related to civilized markets, whereas the system to issue the world currency is not controllable".
Where to begin? If the Euro is the current gold standard for politicised currencies, imagine a currency where gangster states and non-functioning anarchies - Sudan, Somalia, the DPRK - and micro states in the Pacific and the Windies have as much say over the direction of a currency as the USA and Japan. The mind boggles. Meanwhile, the Americans never asked for the dollar to be the de facto global currency any more than we did - way back - with sterling or the Hapsburg Empire was keen on the Maria Theresa Thaler (qv) be the currency on the western seaboard of the Indian Ocean. There are 208 Kazakh Tenge to the pound at the mo', by the way. It is a convertible currency, but shall we say that money markets do not burn white hot trading it. It has dumped against the dollar over the last year, so perhaps that is why Nazarbayev is acting the way he is.
Anyway, NN could always go back to precious metals if he is so unhappy with the greenback.