IMF voting power to be altered
Saturday, 26. September 2009, 21:32:37
Will the dollar dissappear from the world market?
-2501
Read http://www.nation.co.ke/business/news/-/1006/663824/-/ifvbs2z/-/
http://www.imf.org/external/np/exr/facts/sdr.htm
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).
-2501
Read http://www.nation.co.ke/business/news/-/1006/663824/-/ifvbs2z/-/
http://www.imf.org/external/np/exr/facts/sdr.htm
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).
WIDGETIZE