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.
Special drawing tools are also included, such as a highlighter to delineate an important route and a radius to encircle a 'must-see' area.
2 Special drawing rights certificate account 7,200 7,200
But before stepping into the field, hunters must have a special permit to hunt these prairie fowl, and the permit is available only by special drawing from the Department of Fish and Game.
The next four essays concern the role of key currencies or principal reserve assets in the international monetary system: two essays on the dollar, one on a common European currency, and one on special drawing rights.
A Special Drawing has been set-up for the consumers who come in to the showroom with the mail piece.
The Chinese currency has moved closer to the International Monetary Fund's Special Drawing Rights (SDR) currency basket.
8 million of special drawing rights (SDR), the International Development Association - 80.
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.
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.

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