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IMF History (1966-1971) Volume 1
Chapter

Part Two: Allocation and First Use of SDRs

Author(s):
International Monetary Fund
Published Date:
February 1996
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“In my judgment, the experience up to now with the operation of the special drawing rights facility has been highly successful, and it can be stated that the SDR has become established as a reserve asset.”

—Pierre-Paul Schweitzer, Managing Director, addressing the Twenty-Fifth Annual Meeting of the Board of Governors on September 21, 1970.

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