IMF Special Drawing Rights Overview

Special drawing rights (ISO 4217 currency code XDR, also abbreviated SDR) are supplementary foreign-exchange reserve assets defined and maintained by the International Monetary Fund (IMF). The XDR is the unit of account for the IMF, and is not a currency per se. XDRs instead represent a claim to currency held by IMF member countries for which they may be exchanged. The XDR was created in 1969 to supplement a shortfall of preferred foreign-exchange reserve assets, namely gold and the U.S. dollar.XDRs are allocated to countries by the IMF. Private parties do not hold or use them. The amount of XDRs in existence was around XDR 21.4 billion in August 2009. During the global financial crisis of 2009, an additional XDR 182.6 billion were allocated to "provide liquidity to the global economic system and supplement member countries’ official reserves". By October 2014, the amount of XDRs in existence was XDR 204 billion.The value of the XDR is based on a basket of key international currencies reviewed by IMF every five years. The weights assigned to each currency in the XDR basket are adjusted to take into account their current prominence in terms of international trade and national foreign exchange reserves. In the review conducted in November 2015, the IMF decided that the Renminbi (Chinese yuan) would be added to the basket effective October 1, 2016. From that date, the XDR basket now consists of the following five currencies: U.S. dollar 41.73%, Euro 30.93%, Renminbi (Chinese yuan) 10.92%, Japanese yen 8.33%, British pound 8.09%.

IMF Special Drawing Rights to USD Exchange rates Chart

IMF Special Drawing Rights to USD Exchange rates Chart

IMF Special Drawing Rights Exchange rates Table

Exchange IMF Special Drawing Rights You buy XDR You sell XDR
Japanese Yen 0.007 148.228
US Dollar 0.725 1.379
Euro 0.816 1.226
British Pound 0.905 1.105
Canadian Dollar 0.533 1.875
Australian Dollar 0.501 1.995

IMF Special Drawing Rights Tweets

IMF Special Drawing Rights added 1 tweet
2020-06-19 22:07:06 UTC
RT @ChinaPowerCSIS: Since the renminbi was added to the IMF’s Special Drawing Rights (SDR) basket of currencies in 2016, its share of o… https://t.co/LzKtng8nQW
IMF Special Drawing Rights added 1 tweet
2020-06-19 17:14:02 UTC
RT @ChinaPowerCSIS: Since the renminbi was added to the IMF’s Special Drawing Rights (SDR) basket of currencies in 2016, its share of o… https://t.co/LzKtng8nQW
IMF Special Drawing Rights added 1 tweet
2020-06-19 17:13:24 UTC
RT @ChinaPowerCSIS: Since the renminbi was added to the IMF’s Special Drawing Rights (SDR) basket of currencies in 2016, its share of o… https://t.co/LzKtng8nQW
IMF Special Drawing Rights added 1 tweet
2020-06-19 17:00:00 UTC
Since the renminbi was added to the IMF’s Special Drawing Rights (SDR) basket of currencies in 2016, its share of o… https://t.co/LzKtng8nQW
IMF Special Drawing Rights added 1 tweet
2020-06-23 17:09:16 UTC
بIMFنےایک نیاطریقہ وضع کیاجس میں ڈالرکی جگہ ایس۔ڈی۔آر (Special Drawing Rights)کااستعمال شروع کیا۔ یہ کسی ملک کاروپی… https://t.co/8UAO9E7sgc
IMF Special Drawing Rights added 1 tweet
2020-06-23 08:27:36 UTC
@CalebGafford No country can threaten the US's economic empire without breaking the world reserve status of the US… https://t.co/gjMI7R5u2H
IMF Special Drawing Rights added 1 tweet
2020-06-22 17:22:28 UTC
@Jose_A_Santiago @78Morpheus There have been some conversations of using IMF "Special Drawing Rights" or a basket o… https://t.co/1bIGgJZHmy
IMF Special Drawing Rights added 1 tweet
2020-06-20 23:26:02 UTC
https://t.co/mgsVPK7hPs https://t.co/78zBPRS1PW https://t.co/lh6gundiGr
IMF Special Drawing Rights added 1 tweet
2020-06-20 13:06:20 UTC
India has long pushed for an expansion of the @IMFNews’s resources and reform of the quota system to fairly represe… https://t.co/so9bSyfF9l

IMF Special Drawing Rights Videos

What are SDRs and why should you care? #globalism #truth #monetarysystem.
What was the role of Special Drawing Rights (SDR) in stabilizing the global economy after the 2008 financial crisis? Should and ...
Welcome to Sleepy Classes. Top Quality GS Coaching. FREE. Creating IAS from the grassroots of our nation. Prelims 2020 ...
John Lipsky of the IMF, says including more currencies in the Special Drawing Rights of its members would stabilize the global ...
Profit from the Gold & Silver Price Explosion Rickards Sees: http://FutureMoneyTrends.com/InvestRight TOPICS IN THIS ...
September 27, 2009 Insider Jim Rickards of Omnis explains the planned monetizing of debt, the coming Special Drawing Rights ...
The IMF, World bank and Central banks of the UK and the US want to flood the world economy from another source, and basically ...
Paul Buitink talks to gold and financial analyst Jan Nieuwenhuijs, who works for bullion dealer Voima, about what the IMF's ...
Today's words: IMF, International Monetary Fund, SDRs Special drawing rights, economic assistance. This is part of my ...

IMF Special Drawing Rights News

The IMF needed a progressive vision and US leadership. Both were absent

Internationalism is weak, diluted by the Covid-19 pandemic and the fight for hegemony between China and the US

2 months conditional positive
Strong resources at hand to support emerging markets during COVID-19 outbreak, IMF says

Strong resources at hand to support emerging markets during COVID-19 outbreak, IMF says

2 months subjunctive positive
Hopes grow for SDRs but opposition could derail IMF's plans

Speculation is building ahead of the International Monetary Fund spring meetings this weekend that the multilateral lender is poised to inject much-needed liquidity by printing billions of its own currency, Special Drawing Rights.

2 months conditional positive
How Making IMF World’s Centralized Bank Could Affect Morocco
How Making IMF World’s Centralized Bank Could Affect Morocco

The pandemic has revealed the importance of coordination on a global level. Transforming the IMF appears the leading way to achieve centralization.

about 2 months conditional neutral
The G20 should be leading the world out of the coronavirus crisis – but it's gone awol | Gordon Brown

In March it promised to support countries in need. Since then, virtual silence. Yet this pandemic requires bold, united leadership, says former UK prime minister Gordon Brown

27 days conditional neutral

IMF Special Drawing Rights Currency converter