Question

What is the Special Drawing Right (SDR)? How is it related to the gold price?

Answer 1

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A form of international money, created by the International Monetary Fund, and defined as a weighted average of various convertible currencies.

Special drawing rights are supplementary foreign-exchange reserve assets defined and maintained by the International Monetary Fund. The SDR is the unit of account for the IMF, and is not a currency per se. SDRs instead represent a claim to currency held by IMF member countries for which they may be exchanged.

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