Special Drawing Rights (SDRs)March 31, 2011
The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries' official reserves. Its value is based on a basket of four key international currencies, and SDRs can be exchanged for freely usable currencies. With a general SDR allocation that took effect on August 28 and a special allocation on September 9, 2009, the amount of SDRs increased from SDR 21.4 billion to SDR 204 billion (equivalent to about $324.1 billion, converted using the rate of March 31, 2011).
SDR - details:
[Mrt: No matter what anyone thinks about its viability, to study SDRs is essential.]