2010-11-16

U.S. dollar drops by 5% in SDR basket

IMF Determines New Currency Weights for SDR Valuation Basket
With effect from January 1, 2011, the IMF has determined that the four currencies that meet the selection criterion for inclusion in the SDR valuation basket will be assigned the following weights based on their roles in international trade and finance:

U.S. dollar 41.9 percent (compared with 44 percent at the 2005 review)
Euro 37.4 percent (compared with 34 percent at the 2005 review)
Pound sterling 11.3 percent (compared with 11 percent at the 2005 review)
Japanese yen 9.4 percent (compared with 11 percent at the 2005 review)
5% drop in USD, 10% increase for euro, 3% change in sterling and 15% drop in yen.

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