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Social Science Categories
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| Definition Of: |
Special drawing rights (SDR)
Reserve assets created by the International Monetary
Fund (IMF) and periodically allocated to IMF members in proportion
to their respective quotas. The IMF determines the value of SDRs
daily by summing, in U.S. dollars, the valuesâbased on market
exchange ratesâof a weighted basket of currencies. SDRs can be used
to acquire other membersâ currencies, to settle membersâ financial
obligations, and to extend loans.
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BEA Economic Analysis Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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Page Number:
1 A: Page 1 of 1.
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