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General TradingS

Special Drawing Rights (SDR)

An international reserve asset created by the International Monetary Fund (IMF) to supplement member countries' official reserves. The SDR's value is based on a basket of five major currencies: the dollar, euro, yuan, yen, and pound.

Example

“The IMF allocated $650 billion in new Special Drawing Rights to member countries during the pandemic to boost global liquidity and help developing nations manage economic fallout.”