Late Monday night the IMF announced the results of its five-yearly review of the composition and weightings of Special Drawing Rights. The surprise – or not – is that very little will change from January 1 2011: the IMF’s unit of account will be composed of 41.9% USD (down from the current 44%), 37.4% EUR (up from 34%), 11.3% GBP (much the same, currently 11%) and 9.4% JPY (currently 11%).
There had been calls for the inclusion of gold, CNY, RUB, AUD or CAD in SDRs over the past year.
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