special drawing rights


: a means of exchange used by governments to settle their international indebtedness

Examples of special drawing rights in a Sentence

Recent Examples on the Web Finance Minister Alejandro Zelaya said that the legislation aims to allow the use of some $400 million in international reserve assets—or special drawing rights—previously provided by the International Monetary Fund to member countries to supplement central bank reserves. Santiago Pérez, WSJ, 26 July 2022 Tunisia desperately needs access to the special drawing rights in order to avoid defaulting on external debt and to stabilize the economy, Porter said. Barbara Surk, ajc, 24 Dec. 2022 The $650 billion outlay of IMF IOUs backed by the U.S. Treasury—called special drawing rights—sent money to Moscow while the world watched Mr. Biden abandon Bagram Air Base to the Taliban. John Kennedy, WSJ, 22 Mar. 2022 The account would receive loan or grant resources from donors in either reserve currencies or special drawing rights, the IMF’s reserve asset, and disburse support into Ukraine’s account at the fund, the institution said. Eric Martin, Bloomberg.com, 8 Apr. 2022 The idea is for countries that don’t need the help to reallocated their special drawing rights to those that do. Nicole Winfield, chicagotribune.com, 30 Oct. 2021 The Biden administration purposefully structured the 2021 allocation as a down payment on another flood of special drawing rights this year, totaling $350 billion. John Kennedy, WSJ, 22 Mar. 2022 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'special drawing rights.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1963, in the meaning defined above

Time Traveler
The first known use of special drawing rights was in 1963

Dictionary Entries Near special drawing rights

Cite this Entry

“Special drawing rights.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/special%20drawing%20rights. Accessed 8 Dec. 2023.

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