Policy Papers

Annual Update on SDR Trading Operations

September 27, 2024

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Format: Chicago

International Monetary Fund. Finance Dept. "Annual Update on SDR Trading Operations", Policy Papers 2024, 043 (2024), accessed December 21, 2024, https://doi.org/10.5089/9798400288630.007

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Summary

This paper provides an update on the status of the SDR trading market and operations. For more than three decades, SDRs have exclusively been exchanged for freely usable currencies in transactions by agreement, primarily through the Voluntary Trading Arrangements (VTAs). A small fraction of transactions by agreement—sales or acquisitions of SDRs—has been arranged directly between parties. VTAs are bilateral arrangements between the Fund and SDR department participants or prescribed holders, in which the VTA participants agree to buy and sell SDRs within certain limits. The paper covers SDR trading operations during the period September 2023 to August 2024.

Subject: Asset and liability management, Balance of payments, Balance of payments need, Concessional external borrowing, Currencies, External debt, Financial institutions, Financial services, Freely usable currencies, International trade, Investment banking, Liquidity, Loans, Money, Poverty, Poverty reduction strategy, SDR interest rate, Trading arrangements

Keywords: Africa, Asia and Pacific, Balance of payments need, Caribbean, Concessional external borrowing, Currencies, Emerging Market and Developing Economies, Europe, Freely usable currencies, Investment banking, Liquidity, Liquidity management, Loans, Middle East and Central Asia, Poverty reduction strategy, Reserve assets, SDR interest rate, SDRs, Trading arrangements, Western Hemisphere

Publication Details

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