First of all, the essence of the two is different:
1, the essence of ordinary drawing rights: ordinary drawing rights, also known as reserve positions in the International Monetary Fund, are part of the country's foreign exchange reserves. Reserve position refers to the balance of drawing rights of a member country's reserves in the International Monetary Fund plus the balance of convertible currency loans provided to the International Monetary Fund.
2. The essence of SDR: SDR, also known as "paper gold", is a book asset allocated by the International Monetary Fund according to the shares subscribed by member countries, which can be used to repay IMF debts and make up for the balance of payments deficit among member governments.
Second, the composition of the two is different:
1. Composition of ordinary drawing rights: member countries pay 25% of the shares to the International Monetary Fund in gold or convertible currencies; The national currency used by the International Monetary Fund to meet the borrowing of member countries; The net loan amount of the International Monetary Fund in this country.
2. Composition of SDR: According to the agreement of the International Monetary Fund, all IMF members can voluntarily participate in the allocation of SDR and become participants in SDR accounts. Member States can also not participate, and if they want to quit after participating, they can give a written notice in advance and quit at any time. According to the IMF, every five years is a basic cycle for allocating special drawing rights. The International Monetary Fund conducts a routine review of the SDR currency basket every five years.
Third, they are different in nature:
1. Nature of ordinary drawing right: ordinary drawing right is a country's automatic drawing right in the International Monetary Fund, and its amount mainly depends on the share subscribed by the member country in the International Monetary Fund.
2. The nature of SDR: SDR can exchange foreign exchange from other member countries designated by the IMF to pay the balance of payments deficit or repay IMF loans.
Baidu Encyclopedia-General Drawing Right
Baidu encyclopedia-special drawing rights