Nicholas Soames: To ask the Chancellor of the Exchequer what progress has been made on securing the adoption of the International Monetary Fund Special Drawing Right as the principal reserve assets in the international monetary system; and if he will make a statement. [174732]

Sajid Javid, Financial Secretary to the Treasury: The current purpose of Special Drawing Rights is to supplement member countries' official reserves, and there are no active policy discussions aimed at promoting SDRs as the principle official reserve asset. The composition of reserve assets are a matter for individual countries.

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