special drawing right (SDR)

What is special drawing right (SDR)?

special drawing right (SDR) definition and meaning on Finance terms:
An international reserve asset created by the IMF to supplement other reserve assets that are periodically allocated to IMF members in proportion to their respective quotas. SDRs are not considered liabilities of the Fund, and IMF members to whom SDRs are allocated do not incur actual (unconditional) liabilities to repay SDRs allocated. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

Tags: