SDR meaning in Business ?

Answer:

What is Special Drawing Right mean?

Special drawing rights (SDRs) are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). SDRs are units of account for the IMF, and not a currency per se. They represent a claim to currency held by IMF member countries for which they may be exchanged. SDRs were created in 1969 to supplement a shortfall of preferred foreign exchange reserve assets, namely gold and U.S. dollars. The ISO 4217 currency code for special drawing rights is XDR and the numeric code is 960.

SDRs are allocated by the IMF to countries, and cannot be held or used by private parties. The number of SDRs in existence was around XDR 21.4 billion in August 2009. During the global financial crisis of 2009, an additional XDR 182.6 billion was allocated to "provide liquidity to the global economic system and supplement member countries' official reserves". By October 2014, the number of SDRs in existence was XDR 204 billion. Due to economic stress caused by the global pandemic some economists and several finance ministers of poorer countries have called for a new allocation of $4T to support member economies as they seek ways to recover. In March 2021 the G24 and others proposed an allocation of $500B for this purpose.

The value of a SDR is based on a basket of key international currencies reviewed by IMF every five years. The weights assigned to each currency in the XDR basket are adjusted to take into account their current prominence in terms of international trade and national foreign exchange reserves. In the review conducted in November 2015, the IMF decided to add the Renminbi (Chinese yuan) to the basket, effective 1 October 2016. Since that date, the XDR basket has consisted of the following five currencies: U.S. dollar 41.73%, euro 30.93%, renminbi (Chinese yuan) 10.92%, Japanese yen 8.33%, British pound 8.09%.

reference

Full Form	Category
Student Disability Resources	Academic & Science
Schlumberger Doll Research	Academic & Science
Statistical Data Recorder	Academic & Science
Santander	Airport Code
Special Drawing Rights	Banking
Special Daily (money) Rate	Banking
Single Duty Rate	Business
Schroders	Business
Special Depository Receipt	Business
Special Drawing Right	Business
Singapore Depository Receipt	Business
Sales Development Representative	Business
Social Discount Rate	Community
Stop, Drop, and Read	Community
Suddeutscher Rundfunk	Community
Sales Development Reps	Community
Sequence Determined Redundancy	Computer and Networking
Systems of Distinct Representatives	Computing
Sparse Distributed Representation	Computing
Software Drivers	Computing
Streaming Data Request	Computing
Sensor Data Records	Computing
Single Design Review	Computing
Session Director	Computing
Storage Descriptor Register	Computing
Store Data Register	Computing
Special Drawing Rates	Earth Science
Sounder System Music	File Type
Smartdraw Drawing	File Type
System Of Distinct Representatives	General
Synchronized Dynamic Ram	General
Synchronized Dyanamic Ram	General
Standard Diameter Ratio	General
Sidelobe Decreasing Rate	General
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Standard Data Rate	General
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Scientists' Discovery Room	General
Subcommitte on Disaster Reduction	General
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Synchronous Dynamic Random	General
Standard Dual Range	General
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Sustainable Development Reporting	Governmental
Service Difficulty Reports	Governmental
Service Difficulty Report	Governmental
Software-Defined Radio	Information Technology
Symmetrical Double Rectangle	Maths
Standard Dimension Ratio	Measurement Unit
Selective Dorsal Rhyzotomy	Medical
Short-chain Dehydrogenases/Reductases	Medical
Selective Dorsal Rhizotomy	Medical
Specialist Diagnostic Review	Messaging
Supply Discrepancy Report	Military and Defence
Small Development Requirement	Military and Defence
System Design Requirement	Military and Defence
Surrogate Data Radio	Military and Defence
Session Directory Protocol	Networking
Single Data Rate	Networking
Süddeutsche Rundfunk	News & Entertainment
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Software Design Requirement	Softwares
System Design Review	Space Science
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Subcontract Data Requirement	Space Science
Santander Airport	Transport & Travel
Southern Distributor Road	Transport & Travel