SDR. A measure of a countrys reserve assets in the international monetary system. also called paper gold.
A form of international reserve assets, created by the IMF in 1967, whose value is based on a portfolio of widely used currencies.
A currency basket with specific weightings of major traded currencies (U.S. dollar, sterling, German mark, French franc and Japanese yen). Created by the International Monetary Fund in 1969 as an International reserve asset to supplement existing reserve assets. The IMF uses SDRs for book-keeping purposes. See Ordinary Drawing Rights (ODRs).
interest-paying loans from the IMF, made up of a "basket of currencies".
A measure of a country's reserve assets in the international monetary system. also called paper gold.
Reserve assets created by the International Monetary Fund (IMF) and periodically allocated to IMF members in proportion to their respective quotas. The IMF determines the value of SDRs daily by summing, in U.S. dollars, the valuesâ€“based on market exchange ratesâ€“of a weighted basket of currencies. SDRs can be used to acquire other membersâ€™ currencies, to settle membersâ€™ financial obligations, and to extend loans.
( SDRs) The SDR is the IMF's unit of account. IMF voting shares and loans are all denominated in SDRs. The SDR serves as the unit of account for a number of other international organizations, including the World Bank. The SDR is also used as an international reserve asset, to supplement members' existing reserve assets (official holdings of gold, foreign exchange, and reserve positions in the IMF).
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
an international reserve asset created by the IMF. It is valued in terms of a weighted basket of four currencies (US dollar, yen, sterling and euro).
A reserve asset created by the International Monetary Fund (IMF) to supplement existing international reserve assets. Originally, the value of S DRs was defined in terms of gold but now it is determined by the IMF based on a basket of currencies. In the balance of payments, the allocation of SDRs is the counterpart entry that matches the increase in a country's holdings of SDRs.
Abbreviation: SDR Unit of account from the International Monetary Fund (IMF), used as liability indicator for a country or an entity.
A type of international money created by the International Monetary Fund (IMF) and allocated to its member nations. SDRs are an international reserve asset, although they are only accounting entries (not actual coin or paper, and not backed by precious metal). Subject to certain conditions of the IMF, a nation that has a balance of payments deficit can use SDRs to settle debts to another nation or to the IMF.
Abbreviation: SDR Unit of account from the International Monetary Fund (IMF), i.a. used to express the amount of the limitations of a carrier's liability.
Special Drawing Rights (SDRs) is a potential claim on the freely usable currencies of International Monetary Fund members. SDRs have the ISO 4217 currency code XDR.