Clare 

Article:  “Iraq Increases Reserves at IMF by 50%“  Quote:   “Iraqi Cabinet…approved an increase in Iraq’s quota at the International Monetary Fund (IMF) by 831.9 million Special Drawing Rights (SDR), equivalent to 1.45 trillion Iraqi dinars [$1.1 billion] based on the exchange rate as of October 8, 2024. This 50-percet increase…will enhance the country’s voting power within the IMF…The IMF created SDRs as an international reserve asset to supplement member countries’ official reserves…They serve as a potential source of liquidity for IMF member nations.“