Special Drawing Right definition

Special Drawing Right means a special unit of currency, the currency values of which fluctuate and are recalculated each banking day. These values are known to most commercial banks and are reported in some newspapers and in the IMF survey, published weekly by the international monetary fund, Washington, D.C. 20431.

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Special Drawing Right means a unit of an international reserve asset provided for in the Articles of Agreement of the International Monetary Fund;

Special Drawing Right and "SDR" means the currency that is the official unit of exchange of the International Monetary Fund.

Examples of Special Drawing Right in a sentence

Any unreasonable delay in payment of compensation shall have precedence interest at the official rate of the Special Drawing Right (SDR) as determined by the International Monetary Fund (IMF) no later than three (3) months after receipt of a complete application by the competent authority.
Information on the current value of a Special Drawing Right is available at ▇▇▇.▇▇▇.▇▇▇.
The Unit of Account referred to in Articles 6 and 7 is the Special Drawing Right as defined by the International Monetary Fund.
There shall be a unit of account of the Common Market to be known as the Eastern and Southern Africa Currency Unit (ESACU) whose value shall be equal to one Special Drawing Right (SDR) of the International Monetary Fund or any other unit of account that may be determined by the Council from time to time on the recommendation of the Committee of Governors of Central Banks.
The amount of Special Drawing Right certificates issued and outstand- ing shall at no time exceed the value of the Spe- cial Drawing Rights held against the Special Drawing Right certificates.

More Definitions of Special Drawing Right

Special Drawing Right and “SDR” each means the special drawing right of the International Monetary Fund as valued by it in accordance with its Articles of Agreement.

Special Drawing Right or “SDR” means the widely recognized international unit of account based upon the values of several leading currencies. The currency values of the SDR fluctuate and are re-calculated each banking day.

Special Drawing Right means the composite unit of currency that is the official unit of exchange of the International Monetary Fund. The currency values of the Special Drawing Right fluctuate and are recalculated each banking day. These values are known to most commercial banks and are reported regularly in leading financial journals as well as the International Monetary Fund website of www.imf.org.

Special Drawing Right or “SDR” means the unit of account by that name as defined by the International Monetary Fund on its official website at https://www.imf.org/;

Special Drawing Right means the official monetary unit of the International Monetary Fund which acts as a supplemental reserve for national banking systems.

Special Drawing Right or “SDR” means a unit of account as established by the International Monetary Fund (IMF).

Special Drawing Right means the special drawing right as defined in the law on authorization and establishment of certain procedures relating to special drawing right in the International Monetary Fund.