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 Gaining momentum, in particular, is a plan to use IMF reserve assets, known as special drawing rights or SDRs, to provide liquidity to struggling countries without adding to their debt burdens. Yuka Hayashi, WSJ, "Nations Begin to Shape Post-Covid Economy Amid Diverging Fortunes," 4 Apr. 2021 For example, last month, G20 finance ministers recommended the International Monetary Fund explore issuing special drawing rights, which are supplemental foreign currency assets that can supplement member countries’ official reserves. Rajiv J. Shah, Fortune, "The choice for rich nations: Help vaccinate the developing world, or face a prolonged pandemic," 19 Mar. 2021

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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The first known use of special drawing rights was in 1963

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Last Updated

12 Apr 2021

Cite this Entry

“Special drawing rights.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/special%20drawing%20rights. Accessed 16 May. 2021.

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