Review of The Method of Valuation of The SDR-Proposed Extension of The Valuation Of The SDR Basket and Modification of The Date Of Effect of A New Basket.

Review of The Method of Valuation of The SDR-Proposed Extension of The Valuation Of The SDR Basket and Modification of The Date Of Effect of A New Basket.

On March 5, 2021, the IMF's Executive Board approved an extension of the current Special Drawing Right (SDR) valuation basket by ten months from September 30, 2021 to July 31, 2022. The IMF normally reviews the composition and valuation of the SDR basket every five years. The extension effectiv...

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Bibliographic Details
Corporate Author: International Monetary Fund. Finance Dept
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2021.
Series:Policy Papers; Policy Paper ; No. 2021/017
Subjects:
PP
SDR Allocation Workstream
SDR Interest Basket
SDR User
SDR Valuation Review
China, People's Republic of
Online Access:Full text available on IMF
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110 2 |a International Monetary Fund.  |b Finance Dept. 
245 1 0 |a Review of The Method of Valuation of The SDR-Proposed Extension of The Valuation Of The SDR Basket and Modification of The Date Of Effect of A New Basket. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2021. 
300 |a 1 online resource (7 pages) 
490 1 |a Policy Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a On March 5, 2021, the IMF's Executive Board approved an extension of the current Special Drawing Right (SDR) valuation basket by ten months from September 30, 2021 to July 31, 2022. The IMF normally reviews the composition and valuation of the SDR basket every five years. The extension effectively resets the five-yearly cycle of SDR valuation reviews, with the next review to be completed by mid-2022 and the new basket becoming effective on August 1, 2022. The ten-month extension contributes to the Fund's ongoing efforts to prioritize work during the COVID-19 crisis and allows for a more suitable effectiveness date of the new basket, which does not coincide with some major markets being closed. The approved extension, as well as effectiveness date of a new basket, is intended to facilitate the continued smooth functioning of SDR-related operations. 
538 |a Mode of access: Internet 
650 7 |a PP  |2 imf 
650 7 |a SDR Allocation Workstream  |2 imf 
650 7 |a SDR Interest Basket  |2 imf 
650 7 |a SDR User  |2 imf 
650 7 |a SDR Valuation Review  |2 imf 
651 7 |a China, People's Republic of  |2 imf 
830 0 |a Policy Papers; Policy Paper ;  |v No. 2021/017 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/007/2021/017/007.2021.issue-017-en.xml  |z IMF e-Library 

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