Reporting currency

Since 1 April 2003, the reporting currency of the BIS has been the Special Drawing Right (SDR) as defined by the International Monetary Fund (IMF).

The SDR is the unit of account of the IMF and is also used in private contracts and international treaties and as the unit of account of other international organisations. The value of an SDR is based on a basket of major trading currencies. The weights assigned to each currency in the SDR basket and the composition of this currency basket are subject to review every five years by the IMF to ensure that the composition is representative of the main currencies used in international transactions, and that the weights assigned to the currencies reflect their relative importance in the world's trading and financial system. Effective 1 August 2022, the value of one SDR is equivalent to the sum of USD 0.57813, EUR 0.3739, Chinese renminbi 1.0093, JPY 13.452 and GBP 0.080870.