- SDRs were created by the IMF in 1969. - Their value is based on a basket of five major international currencies: the US dollar, the euro, the Chinese yuan, the Japanese yen, and the British pound. - SDRs represent a potential claim on the freely usable currencies of IMF members.
The term 'paper gold' refers to :
Asked in CGPSC Prelims Exam 2020 · Topic: Money & Banking (Money: Functions, Forms, and Measures of Money Supply)
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