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 simplest way to fulfill this vision would be to allocate SDRs as a full reserve asset, which countries could either use or deposit in their IMF accounts.
Os eixos que norteiam o referencial teorico envolvem os temas dimensao politica e dimensao tecnica no provimento de cargos em comissao, e a caracterizacao das SDRs.
Participation in SDRS has grown substantially, from 23,500 public employees in 1974, of whom 2,900 were beneficiaries, to 71,434 in 2008, of whom 19,321 are retirees and beneficiaries.
Outros dados foram obtidos por meio da analise de documentos do governo estadual (relatorios, pronunciamentos oficiais, manuais, etc); da analise de legislacao especifica; dos sites das SDRs e das organizacoes de interesse para a pesquisa (secretarias centrais, associacoes de municipios, foruns regionais, Federacao Catarinense de Municipios [FECAM] etc.) e pela observacao direta dos pesquisadores de duas reunioes nas SDRs e duas reunioes de foruns de desenvolvimento regional.
The operation will increase each country's allocation of SDRs by approximately 74 percent of its quota, and raise fund members' total allocation to about $316 billion from nearly $33 billion.Aa
SDRs allocated to members will count toward their reserve assets, acting as a low cost liquidity buffer for low-income countries and emerging markets and reducing the need for excessive self-insurance.
The move came after the Group of 20 major advanced and emerging economies agreed in April to offer $250 billion in SDRs, the IMF's internal reserve currency, to member nations to increase overall global liquidity.
Contents Background: Economic Impact of the Financial Crisis Economic Growth Rates Impact of the Financial Crisis on World Poverty Impact of the Crisis on the IMF Increasing Fund Resources Expanding the NAB SDR Allocation IMF Bond Sales Other Pending IMF Reforms The Role of Congress Some Initiatives Would Require Congressional Approval Congress and the New Allocations of SDRs Gold Sales Budgetary Treatment of IMF Contributions Figures Figure 1.
The Peoples Bank of China recently recommended supplanting the dollar with Special Drawing Rights (SDRs).
dollar with Special Drawing Rights (SDRs), a composite currency issued by the International Monetary Fund (IMF).
You can discuss your questions about SDRs with your logistics assistance representative.