About the Special Drawing Rights
The Special Drawing Rights (SDR) were created by the International Monetary Fund (IMF) in 1969 to supplement member countries' official reserves. It is an international reserve asset, not a currency.
The name 'Special Drawing Rights' reflects their function as a right to draw on the currencies of IMF members.
Interesting Facts
Not a Currency
SDRs are an international reserve asset, not a currency. They are a potential claim on the freely usable currencies of IMF members and are used for transactions between central banks and the IMF.
Basket of Currencies
The value of the SDR is based on a basket of five major international currencies: the U.S. Dollar, Euro, Chinese Renminbi, Japanese Yen, and British Pound Sterling.
Global Financial Safety Net
The SDR is part of the global financial safety net, allowing the IMF to provide liquidity to member countries during times of crisis.
Historical Timeline
SDRs are created by the IMF.
The valuation of the SDR is simplified to a basket of five major currencies.
The Chinese Renminbi is added to the SDR basket.
Quick Facts
- ISO Code
- XDR
- Symbol
- SDR
- Subunit
- (1/)
- Introduced
- 1969-01-01
Central Bank
- Name
- International Monetary Fund
- Headquarters
- Washington D.C., USA
- Founded
- 1944
- Current Governor
- Kristalina Georgieva (Managing Director) (since 2019)
Economic Data
Exchange Rates
What Affects the XDR Exchange Rate?
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