special drawing rights (SDR)

Popular Terms
International financing instrument created in 1970 by the International Monetary Fund (IMF) to coincide with the disfavor of the US dollar as the principal currency of the world trade. Also called paper gold, an SDR is neither paper nor gold but an accounting entry. It is not backed by any currency or precious metal, and is used only among governments and IMF for balance Of payments settlements. SDRs are a measure of a country's reserve assets with IMF and, whereas not 'money' in the strict sense, have several characteristics of money as interest bearing assets, store of value, and means of settling indebtedness.
They are distributed among all member states of IMF in proportion to each member's quota of IMF dues based on the member's GNP. Used mainly to supplement gold and convertible (hard) currencies in maintaining stability of foreign exchange markets, SDRs are valued on the basis of the value of a basket of 16 major currencies with periodically adjusted weightage reflecting each currency's importance in global trade.


Email Print Embed

<cite id="yvPRVNP"></cite><var id="yvPRVNP"><strike id="yvPRVNP"></strike></var><cite id="yvPRVNP"><dl id="yvPRVNP"></dl></cite>
<var id="yvPRVNP"><strike id="yvPRVNP"></strike></var>
<ins id="yvPRVNP"></ins><var id="yvPRVNP"><strike id="yvPRVNP"><listing id="yvPRVNP"></listing></strike></var><ins id="yvPRVNP"></ins>
<cite id="yvPRVNP"></cite>
<cite id="yvPRVNP"></cite>
<cite id="yvPRVNP"></cite>
<cite id="yvPRVNP"></cite>
<var id="yvPRVNP"><strike id="yvPRVNP"></strike></var><var id="yvPRVNP"><dl id="yvPRVNP"></dl></var><cite id="yvPRVNP"><dl id="yvPRVNP"><thead id="yvPRVNP"></thead></dl></cite>
<var id="yvPRVNP"></var>
<var id="yvPRVNP"><dl id="yvPRVNP"></dl></var>
<ins id="yvPRVNP"></ins>
<ins id="yvPRVNP"><strike id="yvPRVNP"><menuitem id="yvPRVNP"></menuitem></strike></ins><ins id="yvPRVNP"></ins><ins id="yvPRVNP"></ins>
<var id="yvPRVNP"></var>
<cite id="yvPRVNP"><var id="yvPRVNP"><del id="yvPRVNP"></del></var></cite>
<thead id="yvPRVNP"></thead>
<var id="yvPRVNP"><ins id="yvPRVNP"><span id="yvPRVNP"></span></ins></var><menuitem id="yvPRVNP"><del id="yvPRVNP"></del></menuitem>
<cite id="yvPRVNP"><strike id="yvPRVNP"></strike></cite>
<ins id="yvPRVNP"></ins><cite id="yvPRVNP"></cite>
  • 817608552 2018-01-17
  • 816246551 2018-01-17
  • 380838550 2018-01-17
  • 181567549 2018-01-17
  • 632439548 2018-01-17
  • 501681547 2018-01-17
  • 980206546 2018-01-17
  • 588391545 2018-01-16
  • 758514544 2018-01-16
  • 604591543 2018-01-16
  • 728795542 2018-01-16
  • 4286541 2018-01-16
  • 54359540 2018-01-16
  • 857719539 2018-01-16
  • 47494538 2018-01-15
  • 796159537 2018-01-15
  • 795860536 2018-01-15
  • 16884535 2018-01-15
  • 932238534 2018-01-15
  • 453164533 2018-01-15