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%.

1 XDR to USD exchange rates chart

XDR to  exchange rates chart

IMF Special Drawing Rights exchange rates table

Exchange IMF Special Drawing Rights Buy XDR Rate Sell XDR Rate
British Pound 0.904 1.106
Euro 0.814 1.229
Australian Dollar 0.509 1.966
Canadian Dollar 0.554 1.807
Japanese Yen 0.007 149.419
US Dollar 0.723 1.384

IMF Special Drawing Rights news tweets

IMF Special Drawing Rights added 1 tweet
2019-07-11 08:03:19 UTC
@TraderSimon @hurshidn Prediction: IMF will use their special drawing rights against the reserve currency basket to… https://t.co/whgj1zlMbL
IMF Special Drawing Rights added 1 tweet
2019-07-10 01:37:05 UTC
@alexgausman @StellarOrg The most recent “big” news I saw was a stable coin issued the the network connecting to th… https://t.co/BUKpWCuXvr
IMF Special Drawing Rights added 1 tweet
2019-07-08 09:23:23 UTC
RT @ros2000ni: @AuburnrainP I agree, is what Judy Shelton Agustín Carstens Putin are hinting they all want crypto backed by an ass… https://t.co/jo71SLtoci
IMF Special Drawing Rights added 1 tweet
2019-07-08 09:08:29 UTC
@AuburnrainP I agree, is what Judy Shelton Agustín Carstens Putin are hinting they all want crypto backed by an ass… https://t.co/jo71SLtoci
IMF Special Drawing Rights added 1 tweet
2019-07-08 06:53:41 UTC
Special drawing rights with the International Monetary Fund (IMF) increased by $ 3 million to $ 1.456 billion. The… https://t.co/Ki9hhmfGWT
IMF Special Drawing Rights added 1 tweet
2019-07-06 20:12:08 UTC
We just went post-national. #Libra is #corporate #international #SDR. (IMF Special Drawing Rights).
IMF Special Drawing Rights added 1 tweet
2019-07-06 18:13:47 UTC
RT @val5linx: This was 2016 Support of this comes from the IMF CharterArticle 18:Allocation and Cancellation of Special Drawing… https://t.co/eEMQF61Rzu
IMF Special Drawing Rights added 1 tweet
2019-07-17 16:51:54 UTC
Rep Davidson, lead author of the Token Taxonomy Act to clarify crypto regs, asks how Libra's different from IMF's s… https://t.co/SVzgqdcXAl
IMF Special Drawing Rights added 1 tweet
2019-07-19 19:27:35 UTC
Explaining SDRs (Special Drawing Rights) https://t.co/XDWjvHQ3Pl … This is why gold backed currency will get you a… https://t.co/9BJRxJW4y1

IMF Special Drawing Rights news texts

Should China Be Ejected from the SDR?

China’s decision to tighten its grip on the renminbi's exchange rate indicates that it has no intention of playing by the rules of the game. Indeed, if the Chinese government were serious about opening its capital market, it would have to implement reforms that would threaten its model of political and economic management.

almost 2 years conditional positive
SDRs: The 'World Money' Plan | Gold News

What the IMF is discussing for Special Drawing Rights...

about 2 years indicative neutral
Could the IMF's 'world currency' help encourage global unity? | Mohamed El-Erian

Amid the rise of populism and nationalism, some are asking if revamping the SDR could re-energise multilateralism

almost 2 years conditional positive
China's Currency Is De-Internationalizing Despite Appearances To The Contrary

In 2015 the RMB accounted for 35% of China's cross border trade, now down to 12% with the rest predominantly in US dollars. And after excluding Hong Kong trades, the RMB's share of the international settlements market sits at about 17th in the world, just ahead of the Danish Krone.

about 2 years indicative neutral
What You Should Know About Special Drawing Rights
What You Should Know About Special Drawing Rights

Special Drawing Rights (SDRs) might be a new world money... But it is bigger than that. What you should know...

over 2 years conditional neutral

XDR currency converter

XDR exchange rates

2000 CZK to SEK
Helsinki, Republic of Finland.
100 EUR to MYR
Kuala Lumpur, Malaysia.
10 JPY to EUR
Yokohama, Japan.
20 ILS to CZK
Tel Aviv, State of Israel.
18 INR to SAR
Dammam, Kingdom of Saudi Arabia.
100 EUR to DZD
Taichung, Taiwan.
10000 INR to GBP
London, United Kingdom of Great Britain and Northern Ireland.
1 EUR to NOK
Vienna, Republic of Austria.
1500 CNY to HKD
Kazan, Russian Federation.
100 CAD to TWD
Stouffville, Canada.
100 SAR to INR
Jeddah, Kingdom of Saudi Arabia.
100 OMR to USD
Kampala, Republic of Uganda.
100 SAR to INR
Jeddah, Kingdom of Saudi Arabia.
100 USD to COP
Miami, United States.
20 XOF to NGN
Almere Stad, Kingdom of the Netherlands.
30 MOP to MNT
Ulan Bator, Mongolia.