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 ?
They managed to put together a bigger package than anybody expected and very importantly the issue of Special Drawing Rights -- $250 billion," Soros said.
The value of special drawing rights (SDRs) also fell.
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.
The central bank has offered special drawing rights (SDR) relief for commercial banks, urging them to reduce interest rates to clients.
32) for 2009 was issued on Wednesday ratifying a loan agreement signed in April 6, 2009 between Yemen and International Fund for Agricultural Development (IFAD) amounting to 1,200,000 Special Drawing Rights (SDRs).
22 /PRNewswire/ -- The International Monetary Fund (IMF) approved today the disbursement of credits totaling Special Drawing Rights (SDR) 57.
The Special Drawing Rights and reserve position in International Monetary Fund of the country climbed up by $3 million and $1.
8 million of special drawing rights (SDR), the International Development Association - 80.
The Japanese reserves consist mainly of securities and deposits denominated in foreign currencies, gold as well as reserve positions and special drawing rights Tokyo holds at the International Monetary Fund.
Zimbabwe's finance minister Tendai Biti has said that the country intends to use a USD400m tranche of IMF support funds, in the form of Special Drawing Rights (SDRs) to help rebuild Zimbabwe's infrastructure.
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).
The international reserves include gold assets, special drawing rights, portfolio of foreign currencies.

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