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Free AccessTreasury Confirms Due to Receive Around $4.2bln in IMF SDRs
The South African Treasury confirm they are due to receive "around" $4.2bln in IMF special drawing rights. Treasury adds that:
- The SDR allotment will "beef up" SA reserves
- Will allow the Treasury to honour FX commitments
Follows the IMF approving the creation of $650bln in reserves - today's $4.2bln for SA is their allotment of that. This more than doubles SA's current holdings of SDRs, which were reported at around $2.6bln as of end-June.
To read the full story
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Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.