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| Definition Of: |
Special Drawing Rights
SDRs are international reserve assets, created by the International Monetary Fund (IMF) in 1970 and allocated to individual member nations. Within conditions set by the IMF, SDRs can be used by a nation with a deficit in its balance of international payments to settle debts with another nation or with the IMF. The value of SDRs is computed as a weighted average of five currencies: deutsche mark, French franc, Japanese yen, pound sterling, and U.S. dollar.
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Transportation Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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Page Number:
1 2 3 4 5 6 A: Page 1 of 6.
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