IMF Reduces Weighting of Dollar, Yen in SDR Basket

littlekracker at 15h09
17
Nov
2010
IMF Reduces Weighting of Dollar, Yen in SDR Basket

IMF Reduces Weighting of Dollar, Yen in SDR Basket
November 16, 2010, 12:22 AM EST

By Candice Zachariahs

(Adds reserve allocations in seventh and eighth paragraphs, and comment from IMF spokesman in ninth and 10th.)

Nov. 16 (Bloomberg) -- The International Monetary Fund cut the weighting of the dollar and the yen and increased that of the euro in its Special Drawing Rights valuation
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