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 ?
Workers who seek to opt out must file a written statement with SDRS asking to suspend new contributions and to have their contributions and associated gains or losses returned.
This provides a convenient method of converting the account balance into a life annuity that will receive the same COLA as the SDRS benefit.
When SDRS representatives testified to endorse the automatic enrollment legislation, they reported seeing a decrease in personal savings rates, in both South Dakota and across the nation, with many employees having negative savings rates.
Aside from the employee benefits of automatic enrollment, SDRS representatives also explained that automatic enrollment would have no actuarial impact on any SDRS retirement benefits (i.