special drawing rights
A form of basket reserve currency created in 1969 by the International Monetary Fund (IMF) as an alternative to using gold or U.S. Dollars to settle international debts. Special Drawing Rights (SDRs) add to the existing currency reserves of IMF member countries and are used for internal accounting purposes within the IMF.
Browse by Subjects
Official Settlements Account
See All Related Terms »
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):