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 ?
But he does not make a convincing case for the richer nations accepting his own proposal for Special Drawing Rights.
Includes special drawing rights (SDRs): reserve position on the U.
He suggests some of the ways the International Monetary Fund might need to evolve further, including an extended role for special drawing rights and the ability of the Fund to create them.
A Special Drawing has been set-up for the consumers who come in to the showroom with the mail piece.
7 billion units of Special Drawing Rights (SDR is the forex reserve asset defined and maintained by the International Monetary Fund).
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.
Minister of Finance & Public Service Audley Shaw confirmed that Jamaica received an allocation of 74% of its quota of Special Drawing Rights (SDRs) from the International Monetary Fund (IMF), reports JIS (Sept.
There will also be a new credit package worth $250 billion to improve trade flows and $250 billion in special drawing rights for countries.
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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