Special Drawing Right (SDR).
An international type of monetary reserve currency, created by the International Monetary Fund (IMF) in 1969, which operates as a supplement to the existing reserves of member countries.
An international type of monetary reserve currency, created by the International Monetary Fund (IMF) in 1969, which operates as a supplement to the existing reserves of member countries.
Once again the IMF is calling for SDRs, short for Special Drawing Rights or (the "SPEDRI" ), to replace the U.S. dollar as the world’s reserve currency.
by CYBRANDS February 7, 2013
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