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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]
This helps reduce the impact of temporary exchange rate changes. Additionally, it adjusts for differences in inflation rates between the country (using its GDP deflator) and several developed countries (using a weighted average of their GDP deflators in Special Drawing Rights, or SDR, terms). The converted GNI in U.S. dollars is then divided by ...
Foreign exchange reserves are also known as reserve assets and include foreign banknotes, foreign bank deposits, foreign treasury bills, and short and long-term foreign government securities, as well as gold reserves, special drawing rights (SDRs), and International Monetary Fund (IMF) reserve positions.
It represents 10.92% of the IMF's Special Drawing Rights (SDR) currency basket. [40] [41] The Chinese renmimbi is the third reserve currency after the U.S. dollar and euro within the basket of currencies in the SDR. [40] (As shown in the table above, the renmimbi is the sixth largest component of international currency reserves.)
Special drawing rights, foreign-exchange reserve assets overseen by the IMF; Social discount rate, a measure of the value of diverting funds to social projects;
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The primary means of financing the International Monetary Fund (IMF) is through members' quotas. Each member of the IMF is assigned a quota (membership fee), part of which is payable in special drawing rights (SDRs) or specified usable currencies ("reserve assets"), and part in the member's own currency.
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