The SDR Funds allocatted by International Monetary Fund

The SDR (Special Drawing Rights) funds from the International Monetary Funds (IMF) are allocated to Bosnia and Herzegovina at the SDR holdings account of the Central Bank of Bosnia and Herzegovina (CBBH).

The funds are allocated in line with the IMF Board of Governors decision, dated August 7, 2009, on the SDR allocation, amounting to US$ 250 billion, which will be remitted to all members (186 countries) in the SDR currency at their SDR holdings accounts with the IMF (the SDR is based at the basket of international currencies being: euro, US$, Japanese yen and GBP). The accounts of SDR holdings represent the members' foreign currency reserves with their central banks.

In line with the IMF's schedule, Bosnia and Herzegovina was allocated SDR 140,4 million in total. The amount of SDR 125.355.487, being the equivalent of KM 266.940.623,55, which represent the general allocation, has been already remitted at the CBBH SDR holdings account, while the amount of SDR 15 million, representing the special allocation, shall be remitted on September 9, 2009.

The funds can be used for building up of the foreign currency reserves and the external liquidity, and in line with the IMF recommendation, under none circumstances, should be used for the increase of budget spending.

The approved SDR allocation must not be replacement for the current Stand - by arrangement or any other program, as neither in any way there should be the delay in implementation of policies and measures adopted by the current program.