IMF allows five regional banks to hold SDRs
Development banks in Europe and the Americas are now “prescribed holders”
The International Monetary Fund’s executive board has authorised five regional development banks – the Caribbean Development Bank, the Development Bank of Latin America, the European Bank for Reconstruction and Development, the European Investment Bank and the Inter-American Development Bank – to hold its special drawing rights (SDRs).
SDRs drawing rights are interest-bearing “international reserve assets”. Their value is indexed to a basket of five reserve currencies and they can be exchanged
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