SDR is an accounting unit created by the National Monetary Fund in 1969, also known as paper gold, which is distributed by the National Monetary Fund according to the shares subscribed by member countries, and can be used to repay the debts of the National Monetary Fund and make up for the balance of payments deficit among member governments. Because it is a supplement to the original ordinary drawing rights of the International Monetary Fund, it is called special drawing rights.

When it was first issued, each unit was equivalent to the current dollar. The purpose of issuing SDR is to supplement gold and freely convertible currencies to maintain the stability of the foreign exchange market. When a member country has a balance of payments deficit, it can exchange foreign exchange with other member countries designated by the IMF to pay the balance of payments deficit or repay IMF loans, and it can also act as an international reserve like gold and freely convertible currencies. Because it is a supplement to the original ordinary drawing rights of the International Monetary Fund, it is called special drawing rights. June 65438+1 October1,the value of 2065438 SDR is determined by the current exchange rate of a basket of five currencies, namely US dollar, Euro, RMB, Japanese yen and British pound, and their weights are 4 1.73%, 30.93% and10 respectively.

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