(Special Drawing Right)

The Special Drawing Right is in principle an artificial currency introduced by the International Monetary Fund and which can be used internationally as a means of payment.

The exchange rate is set by the IMF and is composed of the four major world currencies, the euro, the US dollar, the yen and the pound sterling. Therefore, it is not traded on foreign exchange markets and is therefore not subject to the usual market laws for currencies. Originally, gold was the substitute medium, which was accepted by all countries. However, since the available quantity of gold is no longer sufficient to fulfill this function in global trade, the SDR was introduced in 1969.