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 ?
Under the plan, developed countries would invest $100 billion in IMF special drawing rights (SDRs) in carbon-cutting projects in developing nations.
Japan's foreign exchange reserves consist mainly of securities and deposits denominated in foreign currencies, International Monetary Fund reserve positions, IMF special drawing rights and gold.
Japan's foreign exchange reserves consist mainly of securities and deposits denominated in foreign currencies, IMF reserve positions, IMF special drawing rights and gold.
The drop in foreign exchange reserves, which includes convertible foreign currencies, gold, International Monetary Fund (IMF) reserves, and IMF special drawing rights, was largely attributed to valuation declines in the government's holdings of euro-dominated assets due to the depreciation of the euro against the dollar, the ministry said.