special drawing rights

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special drawing rights

pl n
(Economics) (sometimes capitals) the reserve assets of the International Monetary Fund on which member nations may draw in proportion to their contribution to the Fund. Abbreviation: SDRs
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Noun1.special drawing rights - reserve assets in the International Monetary Fundspecial drawing rights - 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
reserve assets - capital held back from investment in order to meet probable or possible demands
References in periodicals archive ?
WASHINGTON, April 21 (KUNA) - The International Monetary Fund (IMF) announced Friday that it has received additional commitments of about 40 billion Special Drawing Right (SDR) from nine members, bringing total commitments to about SDR 300 billion (USD 400 billion) from 35 members.
WASHINGTON (CyHAN)- The Executive Board of the International Monetary Fund has moved to include the Chinese renminbi, in the basket of currencies that make up its currency, the Special Drawing Right (SDR).
The International Monetary Fund (IMF) determined the renminbi to be a freely usable currency in its five-yearly review of the Special Drawing Right (SDR) Currency Basket in 2015.
The SDR, or Special Drawing Right, is defined as a basket of currencies which today consists of the euro, Japanese yen, pound sterling and U.
294 billion to the organization in special drawing right funds, equivalent to 1.
This change followed the IMFs determination that the RMB is freely usable and its decision to include the RMB in the Special Drawing Right Basket effective 1 October 2016.
The International Monetary Fund altered the basket of currencies comprising the IMF Special Drawing Right but did not open it to any new currencies.
The International Monetary Fund (IMF) has agreed to immediately issue an amount that equals Special Drawing Right (SDR) 2.
He said the Special Drawing Right (SDR) of the International Monetary Fund (IMF) has the potential to act as a super-sovereign reserve currency.
On Thursday, the International Monetary Fund (IMF) sanctioned a new Extended Credit Facility (ECF) for Mali for an amount equivalent to its Special Drawing Right (SDR) of US46.
Dr Seretse Khama Ian Khama has approved the recommendation by the Minister of Finance and Economic Development, Mr Kenneth Matambo to maintain the Pula basket weight at 45 per cent of the South African Rand and 55 per cent to the Special Drawing Rights (SDR) of 2018.

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