Special Drawing Rights

E280054

Special Drawing Rights are an international reserve asset created by the IMF to supplement member countries’ official reserves and support global liquidity.

All labels observed (2)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf IMF reserve asset
international reserve asset
supplementary foreign exchange reserve asset
2021AllocationSize about SDR 456 billion
abbreviation SDR
accountingUse IMF unit of account
unit of account for some other international organizations
allocationAuthority IMF Board of Governors
surface form: Board of Governors of the IMF
allocationBasis IMF quotas of member countries
allocationCriterion long-term global need to supplement existing reserve assets
basketReviewFrequency every five years
category international monetary system instrument
convertibility can be voluntarily traded between participants
convertibilityMechanism Voluntary Trading Arrangements
designation mechanism (backstop)
creator International Monetary Fund
currentCurrencyBasketIncludes Chinese yuan
surface form: Chinese renminbi

Japanese yen
US dollar
euro
Pound sterling
surface form: pound sterling
holderType IMF member countries
prescribed SDR holders
inception 1969
interestRate SDR interest rate determined weekly
interestRateBasis weighted average of representative interest rates on SDR basket currencies
isNot a claim on the IMF itself
a currency
issuer International Monetary Fund
legalBasis Articles of Agreement of the International Monetary Fund
surface form: IMF Articles of Agreement
liquidityCharacteristic can be exchanged for freely usable currencies among participants
notableAllocation 2009 general SDR allocation in response to the global financial crisis
2021 general SDR allocation in response to the COVID-19 crisis
obligationOfHolders to provide freely usable currency in exchange for SDRs when designated by the IMF
obligationOfIMF to ensure the proper functioning of the SDR system
purpose to provide unconditional reserve assets to IMF members
to supplement IMF member countries’ official reserves
to support global liquidity
relatedConcept IMF quota system
foreign exchange reserves
global financial safety net
relatedOrganization World Bank
unitType potential claim on freely usable currencies of IMF members
use to obtain freely usable currencies from other IMF members
to pay charges to the IMF
to receive interest from the IMF
to settle financial obligations between IMF members
valuationMethod basket of major international currencies

How these facts were elicited

Referenced by (5)

Full triples — surface form annotated when it differs from this entity's canonical label.

bancor relatedConcept Special Drawing Rights
subject surface form: Bancor
litas peggedToCurrency Special Drawing Rights
Convention on the Contract for the International Carriage of Goods by Road (CMR) carrierLiabilityLimitBasis Special Drawing Rights
subject surface form: Convention on the Contract for the International Carriage of Goods by Road
IDA currency Special Drawing Rights
subject surface form: International Development Association
Articles of Agreement of the International Monetary Fund providesFor Special Drawing Rights
this entity surface form: Special Drawing Rights Department of the International Monetary Fund