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Special Drawing Rights

Special Drawing Rights latest

IMF's Largest SDR Allocation Comes Into Effect
August 24th, 2021 - 11:00 GMT

IMF's Largest SDR Allocation Comes Into Effect

Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, announced on Monday that the largest allocation of Special Drawing Rights (SDRs) IMF’s history, which amount to $650 billion, will come into effect. The impact of the new US$650 billion SDR allocation could be magnified if countries with stronger economies voluntarily channel some of their SDRs to countries most in need. https://t.co/MbJcJs5Krl pic.twitter.com/BsigoRDS6q — IMF (@IMFNews) August 23, 2021 Georgieva ...
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