special drawing rights
noun
: a means of exchange used by governments to settle their international indebtedness
Examples of special drawing rights in a Sentence
Recent Examples on the Web
Creating more access to special drawing rights (SDRs), and other sources of liquidity for the Global South.
—
Niala Boodhoo, Axios, 25 Sep. 2024
Composed primarily of gold, special drawing rights with the IMF, and foreign currencies like the euro and yen, the U.S. official reserve assets now stand at only $246 billion ($908 billion if gold were recalculated at the current market price).
—Marie Poteriaieva, Forbes, 17 Sep. 2024
And in 2021, the International Monetary Fund (IMF) unlocked the equivalent of around $650 billion in special drawing rights—a type of reserve asset that recipients can exchange for currency when needed.
—Mark Suzman, Foreign Affairs, 11 July 2024
Finance Minister Alejandro Zelaya said that the legislation aims to allow the use of some $400 million in international reserve assets—or special drawing rights—previously provided by the International Monetary Fund to member countries to supplement central bank reserves.
—Santiago Pérez, WSJ, 26 July 2022
Tunisia desperately needs access to the special drawing rights in order to avoid defaulting on external debt and to stabilize the economy, Porter said.
—Barbara Surk, ajc, 24 Dec. 2022
The $650 billion outlay of IMF IOUs backed by the U.S. Treasury—called special drawing rights—sent money to Moscow while the world watched Mr. Biden abandon Bagram Air Base to the Taliban.
—John Kennedy, WSJ, 22 Mar. 2022
The account would receive loan or grant resources from donors in either reserve currencies or special drawing rights, the IMF’s reserve asset, and disburse support into Ukraine’s account at the fund, the institution said.
—Eric Martin, Bloomberg.com, 8 Apr. 2022
The idea is for countries that don’t need the help to reallocated their special drawing rights to those that do.
—Nicole Winfield, chicagotribune.com, 30 Oct. 2021
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Niala Boodhoo, Axios, 25 Sep. 2024
Composed primarily of gold, special drawing rights with the IMF, and foreign currencies like the euro and yen, the U.S. official reserve assets now stand at only $246 billion ($908 billion if gold were recalculated at the current market price).
—Marie Poteriaieva, Forbes, 17 Sep. 2024
And in 2021, the International Monetary Fund (IMF) unlocked the equivalent of around $650 billion in special drawing rights—a type of reserve asset that recipients can exchange for currency when needed.
—Mark Suzman, Foreign Affairs, 11 July 2024
Finance Minister Alejandro Zelaya said that the legislation aims to allow the use of some $400 million in international reserve assets—or special drawing rights—previously provided by the International Monetary Fund to member countries to supplement central bank reserves.
—Santiago Pérez, WSJ, 26 July 2022
Tunisia desperately needs access to the special drawing rights in order to avoid defaulting on external debt and to stabilize the economy, Porter said.
—Barbara Surk, ajc, 24 Dec. 2022
The $650 billion outlay of IMF IOUs backed by the U.S. Treasury—called special drawing rights—sent money to Moscow while the world watched Mr. Biden abandon Bagram Air Base to the Taliban.
—John Kennedy, WSJ, 22 Mar. 2022
The account would receive loan or grant resources from donors in either reserve currencies or special drawing rights, the IMF’s reserve asset, and disburse support into Ukraine’s account at the fund, the institution said.
—Eric Martin, Bloomberg.com, 8 Apr. 2022
The idea is for countries that don’t need the help to reallocated their special drawing rights to those that do.
—Nicole Winfield, chicagotribune.com, 30 Oct. 2021
Dictionary Entries Near special drawing rights
Cite this Entry
“Special drawing rights.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/special%20drawing%20rights. Accessed 22 Dec. 2024.
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