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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The SDR allocation will be made to IMF members that are participants in the Special Drawing Rights Department (currently all members) in proportion to their existing quotas in the fund, which are based broadly on their relative size in the global economy.
The SDR allocation will be made to IMF members that are participants in the Special Drawing Rights Department in proportion to their existing quotas in the fund, which are based broadly on their relative size in the global economy.
But he does not make a convincing case for the richer nations accepting his own proposal for Special Drawing Rights.
Special drawing tools are also included, such as a highlighter to delineate an important route and a radius to encircle a 'must-see' area.
The paper said it would set up a special drawing for all the players who thought they had won prizes of 25 to 100,000 dollars in the contest, which features scratch-off cards.
The next four essays concern the role of key currencies or principal reserve assets in the international monetary system: two essays on the dollar, one on a common European currency, and one on special drawing rights.
"Balances and deposits with banks abroad also surged from Dh255.52 billion in April to Dh257.23 billion in May 2018," the statistics stated, which exclude CBUAE's Reserve Tranche Position and Special Drawing Right holdings with the International Monetary Fund (IMF), reported Emirates news agency Wam.
On May 13, the foreign currency assets stood at $337.04 billion, gold $20.04 billion, special drawing rights $1.50 billion and the reserve position with the International Monetary Fund (IMF) stood at $2.43 billion.
The Chinese currency has moved closer to the International Monetary Fund's Special Drawing Rights (SDR) currency basket.
Thus, today Kyrgyzstan has active loans from the German Development Bank - 4 million Euros, the Asian Development Bank - over 71.8 million of special drawing rights (SDR), the International Development Association - 80.2 million SDRs, and the International Fund for Agricultural Development - 5.9 million SDRs.
Reserves of gold remained steady at $3.3 billion since the last adjustment in June, while special drawing rights fell slightly from $1.259 billion to $1.257 billion.

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