Japan’s Response to IMF’s Special Drawing Rights in the COVID-19 Pandemic
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On August 2, 2021, the Board of Governors of the International Monetary Fund (IMF) approved a general allocation of Special Drawing Rights (SDRs) as international reserve assets equivalent to US$650 billion to boost global economic liquidity affected by the COVID-19 pandemic. The new SDR allocation became effective on August 23, 2021. IMF Managing Director Kristalina […]
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