Skip to main content
- Special Drawing Rights (SDR / XDR) is a kind of international currency by IMF.
- It is pegged to USD, Chinese Yuan, Japneses Yen, Euro, and pound Sterling.
- Introduced in 1969.
- It is the unit account for the IMF and not the currency per se.
- A certian portion of SDR is allocated to the members who can use it as an easy line of credit.
- Similary Bancor was a supernational currency proposed by Jhon Maynard Keynes and E.F.Shaumaker during world war II. It was offically proposed by British delegate at Bertonn Woods conference but was not accepted. After 2008 Global Economic Crisis, the demand for its usage once again came into limelight.