Special Drawing Rights

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Special Drawing Rights (SDR)

A form of international reserve assets, created by the IMF in 1967, whose value is based on a portfolio of widely used currencies.

Special Drawing Rights

A reserve currency created by the International Monetary Fund to reduce the pressure on gold and the U.S. dollar in international transactions. It was established in the late 1960s and is mainly used in the IMF's internal accounting. A few currencies are pegged to the SDR; they derive their value from a currency basket consisting of the U.S. dollar, the Japanese yen, the British pound, and the euro.
References in periodicals archive ?
The SDR allocation will be made to IMF members that are participants in the Special Drawing Rights Department (currently all members) in proportion to their existing quotas in the fund, which are based broadly on their relative size in the global economy.
The SDR allocation will be made to IMF members that are participants in the Special Drawing Rights Department in proportion to their existing quotas in the fund, which are based broadly on their relative size in the global economy.
But he does not make a convincing case for the richer nations accepting his own proposal for Special Drawing Rights.
Summary: BERLIN - Chancellor Angela Merkel has ruled out using gold and currency reserves or IMF special drawing rights, or SDRs, to boost the eurozone bailout fund for fear of violating the independence of Germany's central bank, which opposes such use of reserves.
The central bank has offered special drawing rights (SDR) relief for commercial banks, urging them to reduce interest rates to clients.
There will also be a new credit package worth $250 billion to improve trade flows and $250 billion in special drawing rights for countries.
Malta joined the IMF on September 11, 1968, and its quota (A) is Special Drawing Rights (SDR) 67.
The contract is concluded drawing rights amounting to a total of 3,978,275.
The reserves consist mainly of securities and deposits denominated in foreign currencies and gold, as well as reserve positions and special drawing rights Japan holds at the International Monetary Fund.
14 /PRNewswire/ -- The International Monetary Fund (IMF) today approved the Jordanian Government's request to augment the amount available to it under the extended fund facility (EFF) by Special Drawing Rights (SDR) 25 million (about US$36 million).
Venantius does not hold a banking license, but benefits from drawing rights in the Swedish National Debt Office.