special drawing rights In A Sentence
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- Prominent calls have been made by the Governor of the People's Bank of China, Nobel Laureate Joseph Stiglitz, and others for a new reserve currency system based on the IMF's special drawing rights.
- For instance, when the International Monetary Fund calculates the value of its special drawing rights every day, they use the London market prices at noon that day.
- Nowadays, such deficits are usuay financed by special drawing rights ( SDRs ) drawn at the International Monetary Fund ( IMF ).
- He suggested that the possibility of a new issue of the fund's own currency-- " special drawing rights " or SDRs-- should be considered in that context.
- He also said the Fund's special drawing rights should be increased to allow the IMF to react faster and more effectively in helping poorer nations fend off financial crises.
- Additional allocations of special drawing rights would enable countries to build reserves without running trade surpluses.
- He joined the IMF at the beginning of 1976 and became chief of the special drawing rights ( SDR ) division in the Finance Department in 1983.
- They will also endorse making available to Russia other IMF credits, called " special drawing rights, " or SDRs, which have never been available to Moscow before.
- Special drawing rights ( SDR ) are based on exchange rates for U . S ., British, French, German, and Japanese currencies.
- The $ 23 billion Indonesia financial package includes $ 10 . 14 billion in IMF special drawing rights for Indonesia with $ 3 . 04 billion available immediately.
- Under this, a nation rigidly pegs its currency to a foreign currency, special drawing rights ( SDR ) or a basket of currencies.
- Article ( 3 ) cancels the earlier Royal Decree No . 60 of 1975, by which the riyal was officially pegged to the IMF's special drawing rights ( SDRs ).
- The accords allowed the price of gold to special drawing rights, described as " a rather cheap line of credit " for developing countries.
- Such a solution is readily available in the form of special drawing rights.
- This is a list of the top 30 gold reserves, "'but including "'special drawing rights ( SDRs ) and International Monetary Fund ( IMF ) reserve positions.
- The IMF committed 14 . 1 billion ( $ 24 billion ) in special drawing rights to member countries in the fiscal year ended April 30.
- Also in 1969 the creation of 'special drawing rights ' of the money (bookkeeping) units of international liquidity as a supplement to alleviate some of the members of the international income deficit.
- As of October 2009, the fund held assets worth $ 105 billion, including $ 58.1 billion in special drawing rights ( SDR ) from the International Monetary Fund.
- The fund will provide Bosnia with dlrs 121 . 2 million worth of special drawing rights, Russo said.
- The IMF expects special drawing rights to be repaid, with interest.
- Special drawing rights ( SDRs ) are what is known as ' paper gold. '.
- The reserves are composed of convertible foreign currencies, gold and International Monetary Fund special drawing rights.
- The Nepal loan will help fund the country's second irrigation sector project and will amount to 17 . 1 million special drawing rights, equivalent to dlrs 25 million.
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