Editing Special drawing rights (section)

== Name ==
While the [[ISO 4217|ISO 4217 currency code]] for special drawing rights is '''XDR''',<ref name="currency-iso.org"/> they are often referred to by their acronym '''SDR'''. The name was chosen as a compromise between parties who wanted an international currency and those who wanted a credit facility.<ref  name=white1/> Member countries receiving XDR allocations were required by the reconstitution provision of the XDR articles to hold a prescribed number of XDRs. If a state used any of its allotment, it was expected to rebuild its XDR holdings. As the reconstitution provisions were abrogated in 1981, the XDR now functions less like credit than previously.<ref  name=white3/> Countries are still expected to maintain their XDR holdings at a certain level, but penalties for holding fewer than the allocated amount are now less onerous.<ref name=factsheet/>

The name may actually derive from an early proposal for IMF "reserve drawing rights".<ref  name=p92/> The word "reserve" was later replaced with "special" because the idea that the IMF was creating a foreign exchange reserve asset was contentious.<ref>{{Cite book
  | last = Margaret
  | first =  Garritsen De Vries
  | title = The International Monetary Fund 1966–1971: The System Under Stress, Volume 2
  | publisher = International Monetary Fund
  | year = 1976
  | pages = 154
  | url = https://books.google.com/books?id=5oUS9M1kzOEC&q=automatic%20drawing%20rights%20(the%20gold%20tranche)&pg=PA154
  | isbn = 9780939934119}}
</ref>