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Special drawing right
Abbr.: SDR. Payment medium and reserve assets issued by the International Monetary Fund (IMF) to its member nations. An SDR does not have the character of an actual currency unit but is primarily a neutral unit of account and book currency. The value of the SDR is fixed officially each day on the basis of the exchange rates on the London spot currency market.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
- Product:
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