Countries which have not been traditional creditors, including India, have come forward with sizeable contributions to the expanded NAB. This should signal the need for further governance changes in the Fund. 19. We have always affirmed the importance of maintaining the Fund as a quota based organization.
If you are interested I would recommend reading Section 3 of the report which compares the exchange rate dynamics before and after the change in the window for a number of currency pairs including the Aussie $ The wider window has also helped to highlight the risk transfer involved between the buyside firm initiating the transaction and the sell-side firm executing it for them.