Economics - SDR

8/19/2019 Economics - SDR

1/22

Global Economics IMF: Special Drawing Rights

CONTENTS

Sr.

No.

TopicPage

No.

1 HISTORY 2

2 THE INTERNATIONAL MONETARY FUND (IMF) 3

3 SPECIAL DRAWING RIGHTS (SDR’s) 4

4 BASKET OF CURRENCIES 5

5 SDR ALLOCATIONS TO IMF MEMBERS

SDR’s !ALUE "

" SDR’s INTEREST RATE 11

# IMF LOANS $ %UOTA 15

& BUYING AND SELLING SDRS1

1' PRI!ATE SDR’s 1"

11 PROS $ CONS SDR*DENOMINATED INSTRUMENTS 1#

12 CONCLUSION 1&

13 BIBLIOGRAPHY 2'

Yash ora ! " # a g e


2/22


$ISTORY

S+,-./0 /. .67s ,, -,/7, 89 76, IMF . 1&& / ,, .7,, 7 8, / /ss,7 6,0 . ,.

,:-6/, ,s,;,s 1 ?DR /s ..7./009 ,.,

/s 1 USD@ , A-7. /s 76, 1' 7.=,s /s /s7

/s 0 7/,> F


3/22


T$E INTERN&TION&' MONET&RYF(ND )IMF*

T6, I7,/7./0 M,7/9 F@ . 76, U.7, S7/7,s@ 1## -


4/22


S#ECI&' DR&,ING RIG$TS )SDR-s*

T6, S+,-./0 D/. R.67 (SDR) .s / .7,/7./0 ,s,;, /ss,7@ -,/7, 89 76, IMF . 1&& 7

s


5/22


/&S0ET OF C(RRENCIES

T6, ;/0 I O-78, 2'11@ 76, IMF

E:,-


6/22


SDR &''OC&TIONS TO IMFMEM/ERS

U, .7s A7.-0,s A,,=,7@ 76, IMF =/9 /00-/7, SDRs 7 =,=8,s . ++7. 7 76,. IMF

H,;,@ . / =,=8,’s SDR 60.s .s, /8;, .7s

/00-/7.@ .7 ,/s .7,,s7 76, ,:-,ss -;,s,09@ . .7 60s ,, SDRs 76/ /00-/7,@ .7 +/9s

.7,,s7 76, s67/00>

T6,, /, 7 .s /00-/7.s

• General allocations of SDRs. G,,/0 /00-/7.s 6/;, 7 8, 8/s, / 0*7,= 08/0 ,, 7

s D,-.s.s 7 /00-/7, SDRs 6/;, 8,, =/, 76,, 7.=,s

• . 1&"'*"2@ SDR &>3 8.00.

• . 1&"&#1@ SDR 12>1 8.00.• / . A


7/22


SDR-s &'(E

T6, ;/0S> 00/*;/0 T6,

8/s,7 -=+s.7. .s ,;.,, ,;,9 .;, 9,/s 89 76, E:,-


8/22


E3ro =8.%+= !8=2=%= =8..>.21 6!8%%!

?apanese 4en !%8!=== !%!8.1=== =8=@@2%@

#o3n5 sterling =8!!!= !81=1+= =8!2> =8=22

(8S8 5ollar =822==

!8+%

(8S8A!8== B SDR =8SDR! B (SA !8+= .

SDR al3ations

For the past ten year

Report

date

Currenc

y

Currency aount

under Ru!e "#1

$%change

rate

&.S.

'o!!ar

e(ui)a!

ent

2005

+6?an6=1 =8.%2 !8+.

!

6

=8+>@

+6?an6=1 =8=@>. !8@=11=8!>SDR! B (SA !81.%%2=8.>.>2

2

6

=8=>.

%6?an6=2 !>8. !!>8=!=8!11@!

@

6

=8+


9/22


%6?an6=2 A =82+% ! =82+% =

!8.%>+.

1

SDR! B (SA !8.%>+.

200+

%6?an6=< =8.! !8+%

!=82@>

%6?an6=< !>8. !!>8>@=8!1.+

%6?an6=> !>8. !!!8..=8!21!!

!=82+<

%6?an6=> =8=@=+ !8@>..=8!

%6?an6=> A =82+% ! =82+% =

!81.2

@

SDR! B (SA !81.<

200-

%6?an6=@ =8.! !8+@+@=81

@

6

=8%@+

%6?an6=@ !>8. @!8%% =8%=!

=8>11

%6?an6=@ =8=@=+ !8..@<=8!+=@=

>

6

=8112

%6?an6=@ A =82+% ! =82+% =

!81+2!!

<

SDR! B (SA !81+2!%

2010

Yash ora @ " # a g e


10/22


.6?an6!= =8.! !8.+@1=81@=!@

1

6

=8=%>

.6?an6!= !>8. @%8>=8!@>%<

2

6

=8.=@

.6?an6!= =8=@=+ !82%%+=8!.2.@

.

=8!!81<=8!.>++

@=8=@ =8!

=8+1

+6?an6!! A =822 ! =822 =

!81.1>!

>

SDR! B (SA !81.1>%

2012

+6?an6!% =8.%+ !8+=.2=811!>.

2=8>+1

+6?an6!% !%8! =8!1>

@

6

!8!1@

%6?an6!+ =8!!! !82%@2=8!>=>>

2!8!!<

%6?an6!+ A =822 ! =822 =

!81.=%=

>

Yash ora != " # a g e


11/22


SDR! B (SA !81.=%!

201/

%6?an6!. =8.%+ !8+2@ =81<

6=81+

%6?an6!. !%8! !=18.=8!!.>=

!

6

=8!@@

%6?an6!. =8!!! !821%< =8!>+.1 =8+1>

%6?an6!. A =822 ! =822 =

!81+

SDR! B (SA !81+

%

6

%8=1<

16?an6!1 !%8! !%=8%<=8!==2=

<

6

=8%

16?an6!1 =8!!! !81%1.=8!2@+!

@

6

%8%2>

16?an6!1 A =822 ! =822 =

!8.++1=

>

SDR! B (SA !8.++1!

Yash ora !! " # a g e


12/22


T$E SDR-s INTEREST R&TE

The SDR interest rate proi5es the basis ;or calc3lating the interest charge5 to

members on reg3lar )non6concessional* IMF loans the interest pai5 to members on

their SDR hol5ings an5 charge5 on their SDR allocation an5 the interest pai5 to

members on a portion o; their 93ota s3bscriptions8 The SDR interest rate is

5etermine5 weel4 an5 is base5 on a weighte5 aerage o; representatie interest

rates on short6term 5ebt instr3ments in the mone4 marets o; the SDR baset

c3rrencies8

For the ee o March 0-, 2015 to March 15, 2015

Yash ora !% " # a g e


13/22


C3rrenc4

C3rrenc4

amo3nt

3n5er R3le O6!

)&*

E7change rate

against the

SDR !

)/*

Interest rate %

)C*

#ro53ct

)&* 7 )/* 7 )C*

E3ro =8.%+= =8.>@ 6=8=.@1

?apanese Yen !%8!=== =8==1@>.%> =8====== =8====

(808 #o3n5

Sterling=8!!!= !8=@=%2 =8.!==== =8=.@2

(8S8 Dollar =822== =8.!+ =8=!==== =8==.<

Total =8==.>

Floor ;or SDR Interest Rate =8=1=

S'R 3nterest Rate 0.050

SDR Interest Rate Calc3lation

Past 10 years4 rst ee o the year.$6ecti)e

ro

$6ecti)

e to

Curre

ncy

Currency

at under

Ru!e "#1

789

$%chang

e rate

against

theS'R7:9

3nterest

rate

7C9

Product

789 % 7:9

% 7C9

2005

!H+H%==1 !H@H%==1 =8.%2 =8>.

++

=8==+ =8===.

!H+H%==1 !H@H%==1 =8=@>. !8%.+21 .8


14/22


!H+H%==1 !H@H%==1 A =81%.>

Total %8%!@%

SDR Int8

Rate

%8%%

200* !H%H%==2 !H>H%==2 =8.%2 =8>%1+>@ %81%%2 =8>><

!H%H%==2 !H>H%==2 %! =8==1@+=

>+

=8==% =8===%

!H%H%==2 !H>H%==2 =8=@>. !8%=.H%==2 A =81 !82.

Total +8=1>+

SDR Int8

Rate

+8=2

200+

!H!H%==< !H>

%

=8..1 =8=.1>

!H!H%==< !H. 18!. =82=12

!H!H%==< !H

Total .8=>>2

SDR Int8

Rate

.8=@

200

!H !H!+H%==>

=8.! =8@+=>< .8=>2 !811@.

!H !H!+H%==

>

!>8. =8==1

=8=@=+ !8%.@ =81@1@

!H !H!+H%==

>

A =82+% =82+%=>. +8% !8%+

Total +8.@%<

SDR Int8

Rate

+8.@

200-

!H1H%==@ !H!!H%== =8.! =8@=%222 !8>%1 =82


15/22


@

!H1H%==@ !H!!H%==

@

!>8. =8==

.<

=8!@1 =8=%1<

!H1H%==@ !H!!H%==

@

=8=@=+ =8@.+ =8!==2

!H1H%==@ !H!!H%==@

A =82+% =821=@@% =8=> =8=+%@

Total =8>+.2

SDR Int8

Rate

=8>+

2010

!H.H%=!= !H!=H%=!

=

=8.! =8@!>@+! =8.==1 =8!1=@

!H.H%=!= !H!=H%=!

=

!>8. =8==2@%>

@<

=8!%1 =8=!1@

!H.H%=!= !H!=H%=!=

=8=@=+ !8=++=1 =8.> =8=..>

!H.H%=!= !H!=H%=!

=

A =82+% =82+>! =8=2 =8=%.%

Total =8%+1>

SDR Int8

Rate

=8%.

2011

!H+H%=!! !H@H%=!! =8.! =8>2%+!> =811@< =8!@8. =8==H%=!% =8.%+ =8>.%2 =8!.1 =8=1!<

!H%H%=!% !H>H%=!% !%8! =8==>+>=

H%=!% =8!!! !8==H%=!% A =822 =821!+1+ =8=% =8==>2

Total =8=@@1

SDR Int8

Rate

=8!

Yash ora !1 " # a g e


16/22


201

!H1++=1 6=8=!2% 6=8==1>

!H.

=8! =8==@!

!H

!H>2> =8!.> =8=112

!H2H%=!. !H!%H%=!.

!%8! =8==2!>.+@

=8=2 =8==.1

!H2H%=!. !H!%H%=!

.

=8!!! !8=+>==! 6=8=%%!

!H1H%=!1 !H!!H%=!

1

!%8! =8==1


17/22


IMF 'O&NS J(OT&

LOANS

N*--,ss./0 0/s /, +;., =/.09 76


18/22


% T6, -


19/22


#RI&TE SDR-s

T6, IMF -,/7, SDRs . 1&& /s / .7,/7./0 ,s,;, /ss,7 =,/7 7 s


20/22


7 '>### /=s ., 0 / 1>''> H,;,@ /s S,+7 3'@ 2''&@ 1 SDR .s , F.


21/22


Investors

• Prepackaged diversification SDR*,=./7, s,-


22/22


Economics - SDR

Documents

Transcript of Economics - SDR