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What are Special Drawing Rights and General Drawing Rights?

General drawing rights, also known as the reserve position in the International Monetary Fund, are the membership fees paid by each member state of the International Monetary Fund when it was established and are managed by it. It is part of the country's foreign exchange reserves. The reserve position refers to the balance of a member's reserve drawing rights with the IMF, plus the balance of convertible currency loans provided to the IMF. The reserve position is a country's automatic withdrawal right in the International Monetary Fund. Its amount mainly depends on the quota subscribed by the member country in the International Monetary Fund. The maximum limit that a member country can use is 125% of the quota, and the minimum limit is 125% of the quota. is 0.

General Drawing Rights (General Drawing Rights, abbreviated as GDR) are similar to Special Drawing Rights SDR. General Drawing Rights are also allocated to member countries of the International Monetary Fund (IMF). But unlike the SDR, which is a credit, the SDR can be used as a foreign currency reserve in addition to member countries' existing gold and U.S. dollar reserves.

Ordinary drawing rights are issued to resolve the current account deficit of member states. The term is generally 3 to 5 years, and the maximum limit is 125% of its share.

To put it figuratively speaking, ordinary drawing rights are credit cards and can be overdrafted, while special drawing rights are debit cards. You can use them as much as you have