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English > Finance > Finance-Breakingnews>China to Obtain US$ 9.4 Bln SDR from IMF

China to Obtain US$ 9.4 Bln SDR from IMF

07-22 12:18 Caijing



» To ease global liquidity, the International Monetary Fund's executive board has backed the allocation of US$ 250 billion worth of special drawing rights (SDRs) to member countries, the IMF said in a statement on July 20.
» China, with its current IMF share quota, will receive US$ 9.4 billion worth of SDRs, pending the approval of the Fund's Board of Governors.
» The allocation is part of a US$ 1.1 trillion relief measure to fight the global economic crisis, as agreed to by G20 member states at a London summit in April.
From wires
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