The IMF SDR basket is an international reserve asset created in 1969. Its primary function is to supplement the official currency reserves of IMF member countries. Since its creation, the IMF SDR basket has distributed a total of SDR 660.7 billion, approximately $943 billion. The bulk consists of the COVID-19 response, where the IMF approved an SDR 456 billion allocation. The value of 1.00 SDR remains based on the US Dollar, the Euro, the Chinese Yuan, the Japanese Pound, and the British Pound.