special drawing rights

noun

Definition of 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 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, Time, 30 Oct. 2021 The idea is for countries that don’t need the help to reallocated their special drawing rights to those that do. Nicole Winfield, David Mchugh And Sylvie Corbet, Anchorage Daily News, 30 Oct. 2021 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 After a year of deliberation over how best to respond to the economic crisis caused by Covid-19, the International Monetary Fund announced in August a new general allocation of special drawing rights equivalent to $650 billion. Dj Nordquist And Dan Katz, WSJ, 29 Nov. 2021 The money would be provided via the reallocation of part of $650 billion worth of special drawing rights, a foreign exchange tool used to help finance imports issued by the International Monetary Fund. Nicole Winfield, Time, 30 Oct. 2021 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'special drawing rights.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of special drawing rights

1963, in the meaning defined above

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Time Traveler for special drawing rights

Time Traveler

The first known use of special drawing rights was in 1963

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Dictionary Entries Near special drawing rights

special dividend

special drawing rights

special duty

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Statistics for 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 10 Aug. 2022.

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