IMF changes method for calculating SDR currency amounts

Central Banking Newsdesk
26 Jul 2016

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The International Monetary Fund has adopted a new method for determining currency amounts in the Special Drawing Right (SDR) basket, ahead of its renewal on October 1.

From that date, the basket will include renminbi for the first time. It will carry a weighting of 10.92%, the third largest behind the dollar (41.73%) and euro (30.93%), and ahead of the yen (8.33%) and pound (8.09%).

The number of units of each currency in the basket is determined by the "currency amounts", which – when added

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