Saturday, August 29, 2009

IMF.org | IMF Injecting $283 Billion in Special Drawing Rights (SDRs) into Global Economy, Boosting Reserves

Special Drawing Rights (SDRs)

August 27, 2009

The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. Its value is based on a basket of four key international currencies, and SDRs can be exchanged for freely usable currencies. With a general SDR allocation taking effect on August 28 and a special allocation on September 9, 2009, the amount of SDRs will increase from SDR 21.4 billion to SDR 204.1 billion (currently equivalent to about $317 billion).

General and Special Special Drawing Rights (SDR) Allocations
(in millions of SDRs)

Member Country

United States
General SDR Allocation1,3

27,539.1
Special SDR Allocation2

2,877.0
Total3


30,416.