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J.P. Koning: Does anyone use the IMF's Special Drawing Rights?
8:12p ET Sunday, October 6, 2019
Dear Friend of GATA and Gold:
Bullion Star's J.P. Koning reports tonight that there actually are some uses after all for the International Monetary Fund's Special Drawing Rights, but not really as money, at least not yet. Rather, Koning writes, the SDR has been incorporated as a monetary index in international conventions and as an accounting device for government-owned corporations, international agencies, and other intergovernmental organizations.
Koning's report is headlined "Does Anyone Use the IMF's SDR?" and it's posted at Bullion Star here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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