Overview

Special Drawing Rights


Show Summary Details

Quick Reference

(SDRs)

A form of international money, created by the International Monetary Fund (IMF) and defined as a weighted average of various convertible currencies. The IMF's official accounts are kept in terms of SDRs as units of account. Members have holdings of SDRs which can be used to settle balance-of-payments deficits between them, subject to rules governing the average amount to be held over any five-year period.

Subjects: Financial Institutions and Services.


Reference entries

See all related reference entries in Oxford Index »


Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.