Artificial currency

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Artificial currency

A currency substitute, e.g., special drawing rights (SDRs).

Artificial Currency

A currency that does not circulate and is used for accounting purposes only. A prominent example is the special drawing right, which is based on a basket of different currencies and is used when accounting IMF transactions.
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Artificial currencies, such as the SDR, by incorporating exchange rate changes, do muffle some of the adverse purchasing power effects of individual currencies that may be suffering higher inflation than the other currencies in the basket.
A constant unit of account
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