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Economics

The Role of Special Drawing Rights in Global Liquidity

Quick fact

During the 2009 global financial crisis, the IMF issued $250 billion in SDRs—the largest allocation in history—to help countries weather the downturn.

Why this is interesting

You may have never held one, but Special Drawing Rights (SDRs) are a form of money that only central banks can use. What if countries could create their own global emergency cash in times of crisis?