Cover SDRs, Currencies, & Gold
SDRs, Currencies, & Gold
4th Survey of New Legal Developments
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Abstract

This paper presents the fourth survey of certain changes in international and national monetary law and practice in relation to special drawing rights (SDRs), currencies, and gold. SDRs have characteristics that enable them to function as a supplement to existing reserve assets in the sense that they can be used as a form of international liquidity by members of the IMF participating in the SDR Department. The IMF has taken decisions to expand the uses of the SDR. Whether or not any of the newly authorized operations take place, the decisions authorizing them must be taken into account in any legal analysis of the character of the SDR.

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Author:
International Monetary Fund
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Series:
Pamphlet Series
Publisher:
International Monetary Fund
Language:
English
Publication Date:
07 Jan 1980
DOI:
https://doi.org/10.5089/9781451981742.054
ISBN:
9781451981742
ISSN:
0538-8759
Pages:
148
Keywords:
PAM; SDR; prescription; appendix B. SDR; SDR-denominated obligation; amount; party SDRs; amount of SDR; appendix D. SDRs; Currencies; Gold; Exchange rates; Reserve assets; Exchange rate policy; Global; Western Hemisphere; Europe; Africa; unit of account; gold value clause; SDR rate; market price; EC currency
Legal-disclaimer:
The views expressed in this pamphlet, including any legal aspects, are those of the author and should not be attributed to Executive Directors of the IMF or their national authorities.
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