SDR abbr.
(国际货币基金组织的)
- But French Finance Minister Pierre Beregovoy said Tuesday, "The time has come to make (the SDR) a more widely used reserve currency." Lawson said there has been a persistent effort to substitute the dollar for the IMF currency.
- Because ESAF loans have long repayment periods, the IMF estimates SDR 2.lbn will be needed. The IMF's industrial country members say they want a new ESAF.
- New SDRs would not be inflationary in today's economic environment, he says. Unfortunately, a general SDR increase would benefit wealthy industrialised countries more than the disadvantaged.
- The agency's actual lending dropped in financial year 1989 to 2.68 billion special drawing rights ($3.35 billion) from 4.56 billion SDR in financial year 1988.
- At the end of November, the U.S. held about $10 billion of SDR's.
- A newly allocated SDR is not a gift of money, rather it is the gift of a right to borrow money.
- The senior official also disclosed that the IMF board has been discussing the SDR idea and other exchange-rate topics at a series of meetings in recent months.
- The SDR is not printed in notes or stamped as coin and is not used in private trade.
- The IMF's problem is the deadline comes when many industrial country members are strapped for cash. The Fund wants to set up a new facility which can lend SDR 5bn (Pounds 4.66bn) over three years.
- The rate charged on such borrowings is a weighted average of money market rates in the five currencies that compose the SDR.
- Its loan commitments rose substantially in financial year 1989 to 4.6 billion SDR in 1989 from 2.96 billion SDR in 1988.
- Its loan commitments rose substantially in financial year 1989 to 4.6 billion SDR in 1989 from 2.96 billion SDR in 1988.
- "It is imperative that a study be made on improving the SDR's characteristics and making it an easily usable international reserve currency," Mr. Sumita said.
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