Search: SDR
RBA Glossary definition for SDR
SDR – Special Drawing Right. Used as an international reserve asset to settle transactions between countries and help balance international liquidity. The value of the SDR is calculated by the International Monetary Fund (IMF) on the basis of a weighted basket of five currencies: US dollar; European euro; Chinese renminbi; Japanese yen; and UK pound. The IMF publishes the value of the SDR each day in terms of US dollars and the Reserve Bank of Australia provides an equivalent value in Australian Dollars.
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What Happened?
1 May 1998
RDP
9805
Figure 4: Gross International Reserves. SDR billions. Source: IMF International Financial Statistics.
https://www.rba.gov.au/publications/rdp/1998/1998-05/what-happened.html
Why did it Happen?
1 May 1998
RDP
9805
8. 7. 17. Note: (a) includes SDRs and other multi-currency. Source: World Bank (1998).
https://www.rba.gov.au/publications/rdp/1998/1998-05/why-did-it-happen.html