Review of the Method of Valuation of the Sdr 2015 Nov

IMF POLICY PAPER

REVIEW OF THE METHOD OF VALUATION OF THE SDR

NOVEMBER 2015

IMF staff regularly produces papers proposing new IMF policies, exploring options for

reform, or reviewing existing IMF policies and operations. The following documents have

been released and are included in this package:



The Staff Report prepared by IMF staff and completed on November 13, 2015 for the

Executive Board’s consideration on November 30, 2015.



Two Staff Supplements titled Review of the Method of Valuation of the SDR—

Weighting Formula and SDR Interest Rate and Review of the Method of Valuation of the

SDR—Revised Proposed Decision and Illustrative Currency Amounts.

The following documents have been or will be separately released:



A Press Release summarizing the views of the Executive Board as expressed during its

November 30, 2015 consideration of the staff report.

The Executive Board, in its formal meeting on the review on November 30, 2015, adopted

the revised proposed decisions contained in the supplement Review of the Method of

Valuation of the SDR—Revised Proposed Decision and Illustrative Currency Amounts.

These decisions will govern the weights of currencies in the SDR currency basket effective

October 1, 2016.

The IMF’s transparency policy allows for the deletion of market-sensitive information and

premature disclosure of the authorities’ policy intentions in published staff reports and

other documents.

Electronic copies of IMF Policy Papers

are available to the public from

http://www.imf.org/external/pp/ppindex.aspx

International Monetary Fund

Washington, D.C.

© 20[xx] International Monetary Fund

November 13, 2015

REVIEW OF THE METHOD OF VALUATION OF THE SDR

EXECUTIVE SUMMARY

This paper provides the basis for the quinquennial review of the method of

valuation of the Special Drawing Right (SDR). The review considers the composition,

size, and weighting of the SDR currency basket and the financial...