IMF History (1966-1971) Volume 2

Allocation of Special Drawing Rights

International Monetary Fund
Published Date:
February 1996
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On September 12, 1969 the Managing Director, in accordance with the procedures established by the amended Articles of Agreement, transmitted to the Board of Governors a report containing his proposal for the allocation of special drawing rights to participants in the Special Drawing Account. The Executive Board had concurred in this proposal. On October 3, 1969, at the Twenty-Fourth Annual Meeting, in Washington, the Board of Governors approved the Managing Director’s proposal and adopted the resolution set forth on pages 262–63 below. This constituted the first decision of the Fund to allocate special drawing rights.

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