Transcript of a Conference Call by Senior IMF Officials on the IMF Staff Report: “Review of the Method of the Valuation of the SDR — Initial Considerations”

http://www.imf.org/external/np/tr/2015/tr080415a.htm

MR. MA: Welcome to this embargoed Conference Call on the five-yearly review of the method of valuation of the Special Drawing Rights currency basket. I'm Dezhi Ma with Communications Department at the IMF. I have a few colleagues of mine with me today who have worked on SDR Review for a long time. They will update you on the latest developments in the review process, and then take your questions.
IMF OFFICIAL: Thanks. What I'll try and do is to give you a landscape of where this review is, and then we'll take your questions. I will start with the very basic as to: What is the SDR? For us, it's a basket of currencies that reflects the relative importance of major currencies in the world's trading and financial system.