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SDR

SDR
Special drawing right, or SDR, is an international currency reserve to supplement its member countries’ official reserves. It was created by the International Monetary Fund (IMF) in 1969 to allow countries to purchase their domestic currencies in foreign exchange markets. In 2009, SDR allocations helped increase liquidity and supplement member countries’ official reserves as they dealt with the global financial crisis.
Yuan

China’s yuan gets higher weight in IMF special drawing rights

China’s will for opening up is unshakeable, central bank says, responding to doubts over dual circulation and zero-Covid strategies.

Macroscope | Federal Reserve policies could drive more investors to Asia

videocam

Milestone inclusion as IMF reserve currency only one step to Chinese yuan becoming truly international

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