2863 Views

what is SDR? why is SDR called paper gold.


dsinghpriya84 8th Jun, 2020
Answer (1)
Anurag Khanna 8th Jun, 2020

Hello Aspirant,

SDR stands for Special Drawing Rights. It refers to an international type of monetary reserve currency creates by the International Monetary Fund (IMF) in 1969.

It operates as a supplement to the existing money reserves of member countries.

It was represented as an asset that could be used to offset balance of payment deficits in the same manner as gold or reserve currencies and hence it is called as paper gold.

I hope this information helps you.

Good Luck!!

Related Questions

CLAT Current Affairs with GK ...
Apply
Stay updated with current affairs & check your preparation with the CLAT General Knowledge Mock Tests Ebook
CLAT English Language Mock Tests
Apply
Free Ebook - CLAT 2025 English Language questions with detailed solutions
ICFAI Business School-IBSAT 2024
Apply
9 IBS Campuses | Scholarships Worth Rs 10 CR
CLAT Legal Reasoning Mock Tests
Apply
Free Ebook - CLAT 2025 legal reasoning questions with detailed solutions
GIBS Business School Bangalor...
Apply
100% Placements with 220+ Companies
Great Lakes PGPM & PGDM 2025
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books