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special drawing rights

   Also found in: Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
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
ThesaurusLegend:  Synonyms Related Words Antonyms
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


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The Board of Governors of the Fund has ratified a general allocation of Special Drawing Rights to provide liquidity support to the global economic system by supplementing the foreign exchange reserves of member countries, including Jamaica.
Aa It added that the funding took place through the allocation of Special Drawing Rights (SDR) to IMF members that are participants in the SDRs Department in proportion to their existing quotas in the fund, which are based broadly on their relative size in the global economy.
The increase was largely attributed to a rise in its holdings of special drawing rights at the International Monetary Fund (IMF) and valuation gains in the government's holdings of the US Treasuries, the ministry said.
 
 
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