Examples of Special Drawing Rights Department in a sentence
All changes in holdings of special drawing rights shall take effect only when recorded by the Fund in the Special Drawing Rights Department.
Operations and transactions pursuant to Article XVII, Section 2 shall be conducted through the General Department as well as the Special Drawing Rights Department.
In addition to the obligations assumed with respect to special drawing rights under other articles of this Agreement, each participant undertakes to collaborate with the Fund and with other participants in order to facilitate the effective functioning of the Special Drawing Rights Department and the proper use of special drawing rights in accordance with this Agreement and with the objective of making the special drawing right the principal reserve asset in the international monetary system.
The IMF conducts its operations and transactions through the General Department and the Special Drawing Rights Department (the SDR Department).
All assets and property of the Fund, except resources administered under Article V, Section 2(b), shall be held in the General Department, provided that assets and property acquired under Article XX, Section 2 and Articles XXIV and XXV and Schedules H and I shall be held in the Special Drawing Rights Department.
All assets and property of the Fund, except resources administered under Article V, Section 2 (b), shall be held in the General Department, provided that assets and property acquired under Article XX, Section 2 and Articles XXIV and XXV and Schedules H and I shall be held in the Special Drawing Rights Department.
All operations and transactions involving special drawings rights shall be conducted through the Special Drawing Rights Department.
All operations and transactions involving special drawing rights shall be conducted through the Special Drawing Rights Department.
In the event of an emergency or the development of unforeseen circumstances threatening the activities of the Fund with respect to the Special Drawing Rights Department, the Executive Board, by an eighty‑five percent majority of the total voting power, may suspend for a period of not more than one year the operation of any of the provisions relating to operations and transactions in special drawing rights, and the provisions of Article XXVII, Section 1 (b), (c), and (d) shall then apply.
SDRs are held exclusively by official holders, which are normally central banks, and are transferable among participants in the IMF’s Special Drawing Rights Department and other holders designated by the IMF (central banks and certain other international agencies).