Special Drawing Rights (SDR)

Special Drawing Rights (SDR) definition - business

Special Drawing Rights (SDR)

Reserve assets created by the International Monetary Fund in 1969 and allocated to member countries to use as a supplement to gold and convertible currencies in settling international accounts. The value of an SDR is based on a basket of international currencies.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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