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 Chinese currency has moved closer to the International Monetary Fund's Special Drawing Rights (SDR) currency basket.
3 billion since the last adjustment in June, while special drawing rights fell slightly from $1.
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.
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).
Realignment is needed because WTO thresholds are expressed not in euro but in Special Drawing Rights (SDRs) which has a fluctuating parity with the euro.
7 billion units of Special Drawing Rights (SDR is the forex reserve asset defined and maintained by the International Monetary Fund).
Cumulatively, 21st installment of SBA worth Special Drawing Rights (SDR) 71.
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.
The central bank has offered special drawing rights (SDR) relief for commercial banks, urging them to reduce interest rates to clients.
The Protocol multiplies fivefold the upper limit for compensation currently available under the IOPCF, raising it to nearly Euro 1 billion (750 million in Special Drawing Rights - SDRs).

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