The Special Drawing Right (SDR) is an international reserve asset, created by the IMF in 1969 to supplement the existing official reserves of member countries. The SDR is neither a currency, nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. Holders of SDRs can obtain these currencies in exchange for their SDRs in two ways: first, through the arrangement of voluntary exchanges between members; and second, by the IMF designating members with strong external positions to purchase SDRs from members with weak external positions. In addition to its role as a supplementary reserve asset, the SDR serves as the unit of account of the IMF and some other international organizations.
In addition to its role as a supplementary reserve asset, the SDR serves as the unit of account of the IMF and some other international organizations. The value of the SDR is based on a basket of key international currencies—the euro, Japanese yen, pound sterling, and U.S. dollar.
Key Features and Coverage on RIMES
For this data source, RIMES hosts the IMF SDR (Kazakhstani Tenge) Index and approximately 50 economic data securities.
Data items available for this source include SDRs per Currency unit and Currency units per SDR.