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 ?
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.
SDRS staff worked with consultants, the plan provider, employee groups, and other stakeholders to develop a policy that would be broadly acceptable.
Information about the system comes from: South Dakota Retirement System, A Statement of Principles and Direction for the Plan Design of SDRS, 1994, revised 2005; Independent Auditors' Reports on Audits of Financial Statements for the Year ended June 30, 2008; November 2008; and Annual Report of the Funded Status of the South Dakota Retirement System for Fiscal Year 2008, 2009.
The SDRS mission statement is: "To plan, implement, and administer income replacement programs, and to encourage additional saving for retirement, all of which offer SDRS members and their families the resources and the opportunity to achieve financial security at retirement, death, or disability by providing an outstanding, appropriate, and equitable level of benefits.