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==Other uses== The XDR is used in international transactions, including export quotas in the IMF members and the number of official reserve assets which were in their own currencies. It is traded on the main foreign exchange market, including foreign exchange trading volume, whether there are forward exchange markets.<ref name=factsheet /> ===Unit of account=== Some international organizations use the XDR as a [[unit of account]].<ref name="uoa" /> The IMF says using the XDR in this way "help[s] cope with exchange rate volatility."<ref name="p4" /> As of 2001, organizations that use the XDR as a unit of account, besides the IMF itself, include: [[Universal Postal Union]],<ref name="upu">{{Cite web |url=http://www.rrt.lt/download/19052/actregulationsletterpostfinalprotocolen(2013).pdf |title=UPU Letter Post Final Protocol 2013 |access-date=2018-05-15 |archive-url=https://web.archive.org/web/20180516103151/http://www.rrt.lt/download/19052/actregulationsletterpostfinalprotocolen(2013).pdf |archive-date=2018-05-16 |url-status=dead }}</ref> [[African Development Bank]], [[Arab Monetary Fund]], [[Asian Development Bank]], [[Bank for International Settlements]],<ref name="p14" /> [[Common Fund for Commodities]], [[East African Development Bank]], [[Economic Community of West African States]], [[International Center for Settlement of Investment Disputes]], [[International Fund for Agricultural Development]], and [[Islamic Development Bank]].<ref name="p106" /> It is not only international organizations that use the XDR in this way. [[JETRO]] uses XDRs to price [[foreign aid]].<ref>{{Citation |script-title=ja:政府公共調達データベース: 政府公共調達概要 |year = 2009 |language = ja |url = http://www.jetro.go.jp/gov_procurement/gaiyo.html |access-date =June 18, 2011}}</ref> In addition, charges, liabilities, and fees prescribed by some international treaties are denominated in XDRs.<ref>{{Cite journal |title = Annual Report 1986 |journal = Annual Report |publisher = International Monetary Fund |year = 1986 |page = 68 |url = https://books.google.com/books?id=yCPNaAeHRcsC&q=Islamic%20Development%20Bank%20XDR&pg=PA68 |issn = 0250-7498 }}</ref> In 2003, the [[Bank for International Settlements]] ceased to use the [[gold franc]] as their [[currency]], in favour of XDR. Some bonds are also denominated in XDR, like the IBRD 2016 XDR denominated bonds.<ref name='ibrd_sdr_bond'>{{cite web| url = http://treasury.worldbank.org/cmd/htm/WorldBankSuccessfullyPricesLandmarkSDRDenominatedBondinChina.html| title = World Bank Successfully Prices Oversubscribed Landmark SDR Denominated Bond in China}}</ref> === Use in international law === In some international treaties and agreements, XDRs are used to value penalties, charges or prices. For example, the [[Convention on Limitation of Liability for Maritime Claims]] caps personal liability for damages to ships at XDR 330,000.<ref>{{Cite web |title = Convention on Limitation of Liability for Maritime Claims (LLMC) |publisher = International Maritime Organization |date = November 19, 1976 |url = http://www.imo.org/about/conventions/listofconventions/pages/convention-on-limitation-of-liability-for-maritime-claims-(llmc).aspx |access-date = June 18, 2011 |archive-date = June 11, 2011 |archive-url = https://web.archive.org/web/20110611205136/http://www.imo.org/About/Conventions/ListOfConventions/Pages/Convention-on-Limitation-of-Liability-for-Maritime-Claims-%28LLMC%29.aspx |url-status = dead }}</ref> The [[Montreal Convention]] and other treaties also use XDRs in this way, capping damages at XDR 128,821.<ref>{{Cite conference |title = CONVENTION FOR THE UNIFICATION OF CERTAIN RULES FOR INTERNATIONAL CARRIAGE BY AIR (AKA Montreal Convention) |pages = 356–359 |publisher = United Nations |year = 1999 |url = http://untreaty.un.org/unts/144078_158780/3/5/11624.pdf |access-date = June 18, 2011 |archive-date = May 16, 2011 |archive-url = https://web.archive.org/web/20110516233650/http://untreaty.un.org/unts/144078_158780/3/5/11624.pdf |url-status = dead }}</ref> === Use as currency === According to the IMF, "the SDR may not be any country’s optimal [[currency basket|basket]]",<ref name="p14" /> but a few countries do [[Peg (currency)|peg]] their currencies to the XDR. One possible benefit to nations with XDR pegs is that they may be perceived to be more [[transparency (behavior)|transparent]].<ref name="p14" /> As of 2000, the number of countries that did so was four.<ref>{{Cite book |title = Annual report: 2000 : making the global economy work for all |publisher = International Monetary Fund |year = 2000 |page = 75 |url = https://books.google.com/books?id=JTnjIFIvwfkC&q=international%20monetary%20fund%20annual%20report&pg=PA75 |isbn = 9781557759511}}</ref> This is a substantial decrease from 1983, when 14 countries had XDR pegs.<ref name="uoa">{{Cite book |title = Annual Report 1984 |publisher = International Monetary Fund |year = 1984 |url = https://archive.org/details/20208MSDBxx84AnnualInform |quote = international monetary fund 1984. |page = [https://archive.org/details/20208MSDBxx84AnnualInform/page/88 88] }}</ref> Between 1981 and 2002, the [[Iranian rial]] was pegged to the XDR.<ref name="sixteencurrencies"/><ref>{{cite web | url=https://www.mypivots.com/dictionary/definition/3645/iranian-rial-irr | title=Iranian Rial (IRR) | date=7 August 2023 }}</ref>{{better source needed|date=October 2024}} As of 2010, [[Syria]] pegs its [[Syrian pound|pound]] to the XDR.<ref>[http://www.bi-me.com/main.php?id=10445&t=1 Syria switches currency peg from dollar to XDR] {{Webarchive|url=https://web.archive.org/web/20110707232147/http://www.bi-me.com/main.php?id=10445&t=1 |date=2011-07-07 }} bi-me.com, Tue June 5, 2007</ref><ref>{{cite web | url=http://www.imf.org/external/np/sec/pn/2010/pn1042.htm | title=IMF Executive Board Concludes 2009 Article IV Consultation with the Syrian Arab Republic Public Information Notice (PIN) No. 10/42 | publisher=IMF | website=Public Information Notices | date=March 25, 2010 | access-date=July 20, 2012}}</ref>
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