Annual Update on SDR Trading Operations
September 27, 2024
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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, Currencies, Financial services, Freely usable currencies, International trade, Liquidity, Money, SDR interest rate, Trading arrangements
Keywords: Currencies, Freely usable currencies, IMF SDR webpage, Liquidity, Middle East and Central Asia, SDR amount, SDR department participant, SDR interest rate, SDR sale, SDR trading capacity, Trading arrangements
Pages:
15
Volume:
2024
DOI:
Issue:
043
Series:
Policy Paper No. 2024/043
Stock No:
PPEA2024043
ISBN:
9798400288630
ISSN:
2663-3493
