- Special Drawing Rights - SDR
- An international type of monetary reserve currency, created by the International Monetary Fund (IMF) in 1969, which operates as a supplement to the existing reserves of member countries. Created in response to concerns about the limitations of gold and dollars as the sole means of settling international accounts, SDRs are designed to augment international liquidity by supplementing the standard reserve currencies.
You can think of SDRs as an artificial currency used by the IMF and defined as a "basket of national currencies". The IMF uses SDRs for internal accounting purposes. SDRs are allocated by the IMF to its member countries and are backed by the full faith and credit of the member countries' governments.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Special Drawing Rights — see SDRS pl.n … English World dictionary
special drawing rights — noun Date: 1967 a means of exchange used by governments to settle their international indebtedness … New Collegiate Dictionary
special drawing rights — plural noun a form of international money created by the International Monetary Fund, defined as a weighted average of various convertible currencies … English new terms dictionary
Special Drawing Rights — SDRs The standard unit of account used by the International Monetary Fund (IMF). In 1970 members of the IMF were allocated SDRs in proportion to the quotas of currency that they had subscribed to the fund on its formation. There have since been… … Big dictionary of business and management
special drawing rights — plural noun credits which central banks in the western world extend to each other … Australian English dictionary
special drawing rights — (SDRs) International money first created by the INTERNATIONAL MONETARY FUND in the late 1960s. SDRs are considered part of a country’s official reserve assets and can be transferred between the country’s accounts … American business jargon
special drawing rights — / speʃəl drɔ:ɪŋ raɪts/ noun a unit of account used by the International Monetary Fund, allocated to each member country for use in loans and other international operations; their value is calculated daily on the weighted values of a group of… … Marketing dictionary in english
special drawing rights — /ˌspeʃ(ə)l drɔ:ɪŋ raɪts/ plural noun units of account used by the International Monetary Fund, allocated to each member country for use in loans and other international operations. Their value is calculated daily on the weighted values of a group … Dictionary of banking and finance
special drawing rights — noun reserve assets in the International Monetary Fund; designed to supplement reserves of gold and convertible currencies used to maintain stability in the foreign exchange market • Syn: ↑paper gold • Hypernyms: ↑reserve assets … Useful english dictionary
drawing rights — UK US noun [plural] ► SPECIAL DRAWING RIGHTS(Cf. ↑special drawing rights) … Financial and business terms
drawing rights — / drɔ:ɪŋ raɪts/ noun a right of a member country of the IMF to borrow money from the fund in a foreign currency. ⇒ special drawing rights … Dictionary of banking and finance