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Rpgl virtual currency

Publish: 2021-05-25 01:30:13
1. SDR (special drawing right) generally refers to the special drawing right (SDR), also known as "paper gold". It was first issued in 1970 and distributed by the international monetary fund according to the shares subscribed by Member States. It can be used to repay the debts of the International Monetary Fund A Book asset that covers the balance of payments deficit between member governments
it is a right to use funds allocated by IMF to Member States. When a member state has a balance of payments deficit, it can exchange foreign exchange with other Member States designated by IMF to repay the balance of payments deficit or IMF loans. It can also act as an international reserve like gold and freely convertible currency. Because it is a supplement to the original ordinary drawing right of the International Monetary Fund, it is called special drawing right
at the time of initial issue, each unit was equal to 0.888 grams of gold, equivalent to the US dollar at that time. Special drawing rights are issued to supplement gold and freely convertible currencies to maintain the stability of the foreign exchange market
at present, the value of SDR is determined by the current exchange rate of a basket of currencies composed of US dollar, euro, RMB, Japanese yen and British pound, with the weights of 41.73%, 30.93%, 10.92%, 8.33% and 8.09% respectively
on November 30, 2015, the International Monetary Fund officially announced that RMB will join SDR on October 1, 2016

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