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Article: "Iraq Increases Reserves at IMF by 50%" Quote: "Iraqi Cabinet...approved an increase in Iraq's quota at the International Monetary Fund (IMF) by 831.9 million Special Drawing Rights (SDR),
equivalent to 1.45 trillion Iraqi dinars [$1.1 billion] based on the exchange rate as of October 8, 2024.
This 50-percet increase...will enhance the country's voting power within the IMF...
The IMF created SDRs as an international reserve asset to supplement member countries' official reserves...
They serve as a potential source of liquidity for IMF member nations."
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