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Concept information

ECONOMICS > FINANCE > MONETARY ECONOMICS > SPECIAL DRAWING RIGHTS

Preferred term

SPECIAL DRAWING RIGHTS  

Definition

  • A FORM OF INTERNATIONAL MONEY, CREATED BY THE INTERNATIONAL MONETARY FUND AND DEFINED AS A WEIGHTED AVERAGE OF VARIOUS CONVERTIBLE CURRENCIES. THE SDR CAN BE USED AS UNITS OF MONEY BETWEEN IMF MEMBERS.

Broader concept

Entry terms

  • SDR

History note

  • TERM CREATED NOVEMBER 2007

URI

https://hasset.ukdataservice.ac.uk/c2e3d1f1-56b6-4ac3-93e0-d51e1cc7a9d3

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