Medimax on Nostr: What is the IMF? The IMF is a possible international monetary fund working to achieve ...

What is the IMF?

The IMF is a possible international monetary fund working to achieve economic stability with 190 member countries participating.
Where does the IMF funding come from?
The IMF uses SDR which is not money but has value. The value comes from the top 5 leading world currencies.
The IMF has the right to print as much SDR as necessary and can exchange them for dollars or other top-5 currencies.

It is clear that the IMF plays the role of a world bank and can lend to member countries by creating as many SDRs as it wants.
From the latest statistics, it is clear that the IMF owns 600 billion SDR which is equivalent to nearly 1 trillion US dollars.

And what happens when more SDR is created than necessary? I think everyone knows the answer to that question.

Here is the total supply of SDRs.

Source:
https://www.imf.org/external/np/fin/tad/extsdr1.aspx

Print it baby.

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