Concept information
Preferred term
Special Drawing Rights
Definition
- The special drawing right (SDR) was created by the International Monetary Fund (IMF) in 1969 as an artificial international reserve asset. The SDR was created as a unit of account involving transactions of the IMF. At the time it was created, its gold value was the same as that of the U.S. dollar. [Source: Encyclopedia of Business in Today's World; Special Drawing Rights]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/Special_Drawing_Rights
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