The SDR: an international reserve liability
What is the special drawing right? This question is frequently asked and examined from different perspectives. From the perspective of the IMF's balance of payments accounting framework, the answer is clear. According to the authoritative "IMF Balance of Payments Manual": "SDRs are international reserve assets created by the International Monetary Fund to supplement other reserve assets." This characterisation of the SDR as an international reserve asset dominates Fund documents and public
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