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 ?
28 billion of IMF Special Drawing Rights at the end of last month, compared with $10.
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.
5 billion of gold and IMF Special Drawing Rights, presently provide ample coverage for debt falling due in the 12 months ahead on a one-year residual maturity basis, the cushion could wear thin if external financial support is not forthcoming or from capital flight, and if a longer time horizon than one year is taken into consideration.
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.