Creation and first allocations of Special Drawing Rights (1969–1974)

1. Rio de Janeiro meeting endorses SDR outline plan

   Sep 29, 1967Labels: IMF Board, Rio de

   • IMF Chronology
   • US Historian

2. First Amendment takes effect, enabling SDR facility

   Jul 28, 1969Labels: IMF Articles, SDR Department

   • IMF Chronology
   • US Historian

3. Board of Governors adopts SDR allocation resolution

   Oct 3, 1969Labels: IMF Board, SDR allocation

   • Cambridge PDF
   • IMF Articles

4. SDR system begins with first allocation

   Jan 1, 1970Labels: First allocation, IMF members

   • IMF Survey
   • IMF SDR

5. Second yearly SDR installment is allocated

   Jan 1, 1971Labels: Second installment, IMF allocation

   • IMF SDR
   • BoE Bulletin

6. U.S. closes the gold window

   Aug 15, 1971Labels: United States, Gold window

   • IMF Survey

7. Smithsonian Agreement realigns major currencies

   Dec 18, 1971Labels: Smithsonian Agreement, Major currencies

   • IMF Survey

8. Final installment completes first SDR allocation series

   Jan 1, 1972Labels: Final installment, SDR 1970

   • IMF SDR
   • BoE Bulletin

9. Committee of 20 formed to pursue monetary reform

   Jul 26, 1972Labels: Committee of, IMF Board

   • IMF Survey

10. IMF shifts SDR valuation away from gold

    Jan 1, 1974Labels: SDR valuation, Currency basket

    • Britannica
    • IMF SDR

11. First SDR allocation period’s impact becomes clear

    Dec 31, 1974Labels: SDR impact, Mid-1970s

    • IMF F D
    • BoE Bulletin