What are SDRs and are they considered additional foreign currency reserves?

The International Monetary Fund (IMF) has approved the distribution of a new package of Special Drawing Rights (SDRs) amounting to SDR458 billion to all its member countries. Each country willing to participate has been allocated approximately its relative share in the quota system. The local media published the good news, and how the amount allocated to Lebanon, (estimated at SDR 605 million (equivalent to approximately $860 million), would be spent.


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