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Annual Update on SDR Trading Operations
Author:
International Monetary Fund. Finance Dept.
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Series:
Policy Papers
Volume/Issue:
Volume 2024: Issue 043
Language:
English
Publication Date:
27 Sep 2024
DOI:
https://doi.org/10.5089/9798400288630.007
ISBN:
9798400288630
ISSN:
2663-3493
Pages:
15
Keywords:
SDR trading capacity; SDR sale; SDR department participant; SDR amount; IMF SDR webpage; SDR interest rate; Currencies; Liquidity; Trading arrangements; Freely usable currencies; Middle East and Central Asia
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This paper provides an update on the status of the SDR trading market and operations. For more than three decades, SDRs have exclusively been exchanged for freely usable currencies in transactions by agreement, primarily through the Voluntary Trading Arrangements (VTAs). A small fraction of transactions by agreement—sales or acquisitions of SDRs—has been arranged directly between parties. VTAs are bilateral arrangements between the Fund and SDR department participants or prescribed holders, in which the VTA participants agree to buy and sell SDRs within certain limits. The paper covers SDR trading operations during the period September 2023 to August 2024.
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Cover Policy Papers
Policy Papers
ISSN:
2663-3493
Publisher:
International Monetary Fund