XDR

Special Drawing Rights

XDR is the IMF's international reserve asset used as a unit of account. Its value is based on a basket of major currencies rather than a single country.

XDRs are not a circulating currency but can be exchanged among member countries. The basket is reviewed periodically and includes currencies like USD, EUR, GBP, JPY, and CNY.

Related Terms

USD

United States Dollar

USD is the official currency of the United States and its territories. It's the world's primary rese...

EUR

Euro

EUR is the official currency of the Eurozone, used by 20 of the 27 European Union member states. It'...

GBP

British Pound Sterling

GBP is the official currency of the United Kingdom and its territories. It's one of the oldest curre...

JPY

Japanese Yen

JPY is the official currency of Japan and the third most traded currency in the world. Unlike most c...

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