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SDR- The Global Currency - Business - Nairaland

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SDR- The Global Currency by VGSocial: 3:39pm On Apr 20, 2021
The Special Drawing Rights (SDR) is expected to replace the U.S dollars as the new global currency. Technically, the SDR is an artificial currency that is the International Monetary Funds (IMF) reserve assets and is exchangeable for dollars, euros, sterling, yen, and yuan or renminbi. The SDR is expected to serve as a supplementary foreign exchange for countries.

In the wave of the pandemic, most countries are requesting financial support from the IMF. To respond to these requests, there are considerations by the IMF to use the SDR to provide support for, especially low-income countries. SDRs are allocated pro-rata to a country's IMF "quota".

How will Nigeria benefit from this new development?

To join in the ongoing debate, kindly click on the link below:
https://veegil.com/sdr-the-global-currency-607ee633140b75531be93ea6

Re: SDR- The Global Currency by heniford2: 4:21pm On Apr 20, 2021
which one be SDR grin again
Re: SDR- The Global Currency by Nobody: 4:38pm On Apr 20, 2021
heniford2:
which one be SDR grin again

You study Economics for secondary school?

If you study Economics, then you suppose done hear about SDR. Maybe you forget.

No be new thing. It has been in existence since around 1969. IMF creation.
Re: SDR- The Global Currency by Nobody: 4:40pm On Apr 20, 2021
VGSocial:
The Special Drawing Rights (SDR) is expected to replace the U.S dollars as the new global currency. Technically, the SDR is an artificial currency that is the International Monetary Funds (IMF) reserve assets and is exchangeable for dollars, euros, sterling, yen, and yuan or renminbi. The SDR is expected to serve as a supplementary foreign exchange for countries.

In the wave of the pandemic, most countries are requesting financial support from the IMF. To respond to these requests, there are considerations by the IMF to use the SDR to provide support for, especially low-income countries. SDRs are allocated pro-rata to a country's IMF "quota".

How will Nigeria benefit from this new development?

To join in the ongoing debate, kindly click on the link below:
https://veegil.com/sdr-the-global-currency-607ee633140b75531be93ea6

The bonded sounds like wishful thinking...

Did a Chinese economist write that? smiley
Re: SDR- The Global Currency by heniford2: 6:53pm On Apr 20, 2021
mansakhalifa:


You study Economics for secondary school?

If you study Economics, then you suppose done hear about SDR. Maybe you forget.

No be new thing. It has been in existence since around 1969. IMF creation.
you know when i left secondary school i be your mate

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