special drawing rights

plural noun

1. the reserve asset created through the International Monetary Fund as a supplement to gold and U.S. dollars, for use among the member governments in settling international payments. : SDR, S.D.R.

special drawing rights

plural noun

1. sometimes capitals the reserve assets of the International Monetary Fund on which member nations may draw in proportion to their contribution to the Fund SDRs

Word History and Origins

Origin of special drawing rights¹

First recorded in 1965–70

Example Sentences

Tunisia desperately needs access to the special drawing rights in order to avoid defaulting on external debt and to stabilize the economy, Porter said.

From Seattle Times

Low-income and vulnerable middle-income countries can apply to get the financing, which will channel special drawing rights from countries with strong external positions, according to the Fund's website.

From Reuters

Congress is doing its best to bury the initiative on special drawing rights.

From Washington Post

The completion of the review, pending since earlier this year, would make available 750 million in IMF special drawing rights, or around $1 billion, bringing total disbursements so far to about $3 billion.

From Reuters

To help with this challenge, Georgieva said the IMF has provided $118 billion in new financing to 87 countries and approved a $650 billion increase in the agency’s special drawing rights, the biggest in history.

From Seattle Times