Special Drawing Rights


Definition
SDR. A measure of a country's reserve assets in the international monetary system. SDRs were created by the International Monetary Fund in 1969, originally to be used as a replacement for gold and silver. Today they are commonly used for a number of accounting purposes. The value of an SDR is determined by the exchange rate of the currencies contained in the SDR. also called paper gold.

Related Personal Finance Articles

Loading...

Special Drawing Rights in the news

Loading...

Special Drawing Rights is ...

... part of the Forex, Economy and Global subjects.

Search volume for Special Drawing Rights

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z