A long time has passed since the Special Drawing Rights (SDRs) were first conceived as an instrument to supplement the dollar as a provider of international liquidity: the first SDRs were officially born in 1969, shortly before the Bretton Woods regime collapsed, in August 1971.
The birth of the SDRs was the result of long and tiring discussions between central bankers and leading international experts, gathered around the Group of Ten and the Bellagio Group. ......
ISSN: 2036-5438
