special drawing rights

Noun

Meaning

reserve assets in the International Monetary Fund; designed to supplement reserves of gold and convertible currencies used to maintain stability in the foreign exchange market

Synonyms

Hypernyms

Examples

Discussion centred on the international monetary system and specifically on the South's proposal that a higher proportion of new special drawing rights (SDRs) should be allocated to LDCs as a form of aid (the so-called 'link'). Source: Internet

The IDA received 2 billion in special drawing rights ($3 billion USD ) from the IBRD and IFC. citation Approximately half of the IDA's resources come from the 45 donating member countries. Source: Internet

Parliament has approved a financial agreement that enables government to access US$35 million as Special Drawing Rights from the International Development Association (IDA), a member of the World Bank Group, to fight the coronavirus (COVID-19) disease. Source: Internet

Since 23 October 1995, the dinar has been officially pegged to the IMF's special drawing rights (SDRs). Source: Internet

Developed countries should give up their special drawing rights (international reserve assets) handed out by the International Monetary Fund as loans for developing countries in a $100bn fund. Source: Internet

The lawmakers also urged the IMF's Georgieva and World Bank President David Malpass to support creation of trillions of dollars of new Special Drawing Rights, the currency of the IMF. Source: Internet

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