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Iraqi Dinar Buzz Updates

IMF: SDR Currency List Update Jan. 3, 2011
2011-01-04 15:36:53
Press Release Statement: IMF Determines New Currency Weights for SDR Valuation Basket

A press release providing the final currency amounts in the new SDR valuation basket to take effect on January 1, 2011 will be issued by the IMF on December 30, 2010.

The first SDR exchange rate using the new basket will be posted on January 3, 2011.

The first SDR interest rate based on the new basket will be calculated and announced on January 7, 2011, and will be effective during the week of January 10–14, 2011.

The Executive Board of the International Monetary Fund (IMF) today completed the regular five-yearly review of the basket of currencies that make up the Special Drawing Right (SDR) and of the interest rate on the SDR. The value of the SDR will continue to be based on a weighted average of the values of a basket of currencies comprising the U.S. dollar, euro, pound sterling, and Japanese yen. The SDR interest rate will also continue to be determined as a weighted average of the interest rates on short-term financial instruments in the markets of the currencies in the SDR basket.