special drawing rights
noun
: 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
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
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 16 Apr. 2024.
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