The IMF does not have its own currency.
The International Monetary Fund (IMF) is an international organization that works to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty. The IMF's primary role is to provide financial assistance to countries experiencing balance of payments difficulties, but it does not have its own currency.
Instead, the IMF uses a basket of currencies known as Special Drawing Rights (SDRs). The SDR is a unit of account, not a currency, and its value is based on a weighted average of the values of a basket of five major currencies:
- US dollar (USD)
- Euro (EUR)
- Japanese yen (JPY)
- British pound sterling (GBP)
- Chinese renminbi (CNY)
The weights of each currency in the SDR basket are adjusted periodically to reflect changes in the relative importance of each currency in the global economy.
The IMF uses SDRs for internal accounting purposes and for allocating resources to member countries. However, SDRs are not used for everyday transactions.
