Resources and Assets: Special Drawing Rights Certificate Account
RADRCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,200.00
Year-over-Year Change
0.00%
Date Range
2/17/1999 - 4/11/2018
Summary
Tracks Special Drawing Rights (SDR) certificate account resources for international monetary transactions. Represents a key international reserve asset.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Measures the value of Special Drawing Rights held by the United States. Reflects international monetary system's reserve asset management.
Methodology
Calculated by tracking SDR certificate account resources reported by official monetary institutions.
Historical Context
Used by international financial organizations to monitor global monetary reserves and exchange mechanisms.
Key Facts
- SDRs are international reserve assets
- Issued by International Monetary Fund
- Supplements member countries' official reserves
FAQs
Q: What are Special Drawing Rights?
A: International reserve assets created by IMF to supplement member countries' official reserves. Serve as a potential claim on currencies.
Q: How are SDRs valued?
A: Based on a basket of major international currencies, including USD, Euro, Chinese Yuan, Japanese Yen, and British Pound.
Q: Who uses Special Drawing Rights?
A: International Monetary Fund members, central banks, and global financial institutions use SDRs for international transactions.
Q: Why track SDR certificate accounts?
A: Provides insights into global monetary reserves and international financial system stability.
Q: How often do SDR valuations change?
A: IMF reviews SDR basket composition and valuation every five years to reflect global economic changes.
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Citation
U.S. Federal Reserve, Resources and Assets: Special Drawing Rights Certificate Account (RADRCA), retrieved from FRED.