20.2 C
July 4, 2022
Finance Technologies

What is SDR and how is its value calculated?

The Special Drawing Rights (SDR) is an international unit of account created by the International Monetary Fund (IMF). It serves as one of the reserve assets. What are its characteristics, why was it created and how is its value calculated? Conotoxia experts present everything you need to know about the SDR. In the ISO 4217 standard, this unit also functions under the code XDR. SDR are supplementary reserve assets defined and managed by the IMF. The SDR is treated as an artificial currency instrument by the IMF and selected international organisations. It also serves as a conventional monetary unit and…
What is SDR and how is its value calculated?

Related posts

Wise considers rare direct listing on London Stock Exchange

Amme Jhonson

Monzo set to hire another 500 and reintroduce paid accounts

Amme Jhonson

Better serve your customers by focusing on your employees

Amme Jhonson

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Policy