- 04 Oct 2019 22:46
- 4 Comments
Introduced by the IMF in 1969, Special Drawing Rights (SDRs) were originally devised as a paper version of gold that central banks could hold as a transferable reserve asset.
But in addition to serving as a specialized payments medium, the SDR also acts as a unit of account, or a way of expressing value.
Although the SDR never really took off as a transferable reserve... Continue Reading