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
ThesaurusAntonymsRelated WordsSynonymsLegend:
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 ?
It held $10.28 billion of IMF Special Drawing Rights at the end of last month, compared with $10.18 billion at the end of November.
Japan's foreign exchange reserves consist of securities and deposits denominated in foreign currencies plus the International Monetary Fund (IMF) reserve positions, IMF special drawing rights and gold.
German central bank chief Jens Weidmann, a key member of the ECB, rejected a separate proposal to use national gold and currency reserves or IMF special drawing rights to boost the bailout fund, welcoming opposition from Merkel to the same.
Summary: BERLIN - Chancellor Angela Merkel has ruled out using gold and currency reserves or IMF special drawing rights, or SDRs, to boost the eurozone bailout fund for fear of violating the independence of Germany's central bank, which opposes such use of reserves.
QE2), capital controls, IMF Special Drawing Rights, and more representation for emerging market countries.
Strauss-Kahn said resources for the fund, "which could climb to $100 billion a year," could be raised through an allocation to IMF member countries of IMF special drawing rights, or SDRs.
An IMF official said the sale was concluded at an average price of about $1,045 an ounce and that the transaction would be paid in hard currency and not in IMF Special Drawing Rights.
The one-time, unconditional allocation of $250 billion worth of IMF Special Drawing Rights, or SDRs, will boost liquidity to emerging and poorer economies by $100 billion.
Earlier this month, the Group of 20 nations tripled the IMF's resources to USD750bn, and also agreed to support a general allocation of USD250bn worth of IMF Special Drawing Rights (SDRs) to IMF member countries to boost liquidity amid troubled credit markets.