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Special drawing rights (SDRs, code XDR) are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). [1] SDRs are units of account for the IMF, and not a currency per se. [2] They represent a claim to currency held by IMF member countries for which they may be exchanged. [3]
The Special Drawing Rights Act of 1968 [5] made the ESF the recipient of IMF special drawing rights (SDRs) acquired by the US government. The ESF can convert SDRs into dollars on its account by issuing certificates against them and selling the certificates to the Federal Reserve, [6] and later repurchase them when it has surplus cash. [7]
Practice on its conversion to national currencies varies from state to state; in most states the conversion factor is based not on the market price of gold, but on an official price (a remnant of the gold standard, frequently far below its market price today). The Franc Poincaré has been replaced for most purposes by special drawing rights.
US Dollar Index and major financial events. The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, [1] often referred to as a basket of U.S. trade partners' currencies. [2]
The TI-85 is a graphing calculator made by Texas Instruments based on the Zilog Z80 microprocessor.Designed in 1992 as TI's second graphing calculator (the first was the TI-81), it was replaced by the TI-86, which has also been discontinued.
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These countries and territories widely accept the US dollar as a secondary currency: Cambodia, [62] [63] official currency is Cambodian riel Honduras, official currency is Honduran lempira [64] Lebanon, official currency is Lebanese Pound [65] Venezuela, official currency is Venezuelan Bolivar [66] [67] Zimbabwe, official currency is Zimbabwe Gold
Super Bowl Squares are the second most popular office sports betting tradition in the United States (No. 1: March Madness brackets), maybe because the outcome is based entirely on luck. Here's how ...