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Why SDRs Belong to States, Not Central Banks

The IMF’s Special Drawing Rights (SDR) allocation added $650 billion worth of potential dollar liquidity into the global financial system on August 23. But some of the world’s most stricken economies are floundering when it comes to putting that liquid…

The IMF’s Special Drawing Rights (SDR) allocation added $650 billion worth of potential dollar liquidity into the global financial system on August 23. But some of the world’s most stricken economies are floundering when it comes to putting that liquidity to use, due to disagreements in some cases about who has ownership over the funds: More

The post Why SDRs Belong to States, Not Central Banks appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Andrés Arauz.


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