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International Monetary Fund. External Relations Dept.

I n 1969, the IMF created the SDR as an international reserve asset to supplement members’ existing reserve assets. It is the unit of account of the IMF and some other international and regional organizations. The SDR is a purely official asset, held by member countries, the IMF, and certain other international institutions. It is used primarily in transactions with the IMF, either by members settling obligations to the IMF, some of which must be paid in SDRs, or by the IMF making interest payments and loan disbursements to members. SDR valuation on

International Monetary Fund. External Relations Dept.