XDR - IMF Special Drawing Rights currency

IMF Special Drawing Rights flag IMF Special Drawing Rights

The Special Drawing Rights (XDR) is an international reserve asset created by the International Monetary Fund (IMF) to supplement the official reserves of member countries. Unlike traditional currencies, XDR is not used for transactions between individuals but rather serves as a unit of account for IMF-related transactions and international reserves. The value of XDR is determined by a basket of major global currencies, including the US Dollar (USD), Euro (EUR), Chinese Yuan (CNY), Japanese Yen (JPY), and British Pound (GBP). It helps stabilize exchange rates and provides liquidity support to countries facing balance of payments issues.

XDR - IMF Special Drawing Rights profile

Symbol XDR
ISO 4217 Code XDR
Central Bank International Monetary Fund (IMF)
Nicknames SDR (Special Drawing Rights)
Countries using this currency Used globally by IMF member countries

XDR - IMF Special Drawing Rights
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Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.

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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.

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