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;
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Special Drawing Right and "SDR" means the currency that is the official unit of exchange of the International Monetary Fund.
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Examples of Special Drawing Right in a sentence

  • Conversion of the sums into national currencies shall, in case of judicial proceedings, be made according to the value of such currencies in terms of the Special Drawing Right at the date of the judgement.

  • The value of the national currency, in terms of the Special Drawing Right, of a State Party which is a member of the International Monetary Fund, shall be calculated in accordance with the method of valuation applied by the International Monetary Fund in effect on the date in question for its operations and transactions.

  • The sums mentioned in terms of Special Drawing Right in this Convention shall be deemed to refer to the Special Drawing Right as defined by the International Monetary Fund.

  • The Unit of Account mentioned in this Convention is the Special Drawing Right as defined by the International Monetary Fund.

  • The value of a national currency, in terms of the Special Drawing Right, of a State Party which is not a Member of the International Monetary Fund, shall be calculated in a manner determined by that State.


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.
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Special Drawing Right means the official monetary unit of the International Monetary Fund which acts as a supplemental reserve for national banking systems.
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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.
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Special Drawing Right or “SDR” means a unit of account as established by the International Monetary Fund (IMF).
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Special Drawing Right means the Special Drawing Right as defined by the International Monetary Fund.
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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.
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Special Drawing Right or "SDR" means a Special Drawing Right as defined by the International Monetary Fund."
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