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SDR in Financial Meaning

The SDR meaning in Financial terms is "Special Drawing Right". There are 2 related meanings of the SDR Financial abbreviation.

SDR on Financial Full Forms

  1. Special Drawing Right Originally intended within the IMF as a sort of international money for use among central banks pegging their exchange rates, the SDR is a transferable right to acquire another country's currency. Defined in terms of a basket of currencies, today it mainly plays the role of a unit of international account.
  2. Special Drawing Rights Special drawing rights (SDRs) are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). SDRs are units of account for the IMF, and not a currency per se. They represent a claim to currency held by IMF member countries for which they may be exchanged.

Frequently Asked Questions (FAQ)

  1. What does SDR stand for Financial?

    SDR stands for Special Drawing Right in Financial terms.

  2. What is the shortened form of Special Drawing Rights in Financial?

    The short form of "Special Drawing Rights" is SDR for Financial.

Citation

SDR in Financial. Acronym24.com. (2022, March 28). Retrieved May 2, 2024 from https://acronym24.com/sdr-meaning-in-financial/

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