Some economists believe the Special Drawing Rights of the International Monetary Fund, commonly referred to using the abbreviation SDR although the currency code is XDR, might eventually act as the new worldwide reserve currency. But what are Special Drawing Rights? Also, what is the main "selling point" of the SDR/XDR compared to traditional currencies? While wrapping your head around the IMF's Special Drawing Rights isn't the easiest thing in the world, understanding the SDR/XDR equation and its many implications is definitely possible. Through today's animation, I'm putting Special Drawing Rights under the microscope so as to do just that! To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message. Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to oneminuteeconomics🤍gmail.com, any and all support is greatly appreciated! Oh and I've also started playing around with Patreon, my link is: 🤍🤍patreon.com/oneminuteeconomics Interested in reading a good book? My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below: Amazon - 🤍🤍amazon.com/Wealth-Management-2-0-Financial-Professionals-ebook/dp/B01I1WA2BK Barnes & Noble - 🤍🤍barnesandnoble.com/w/wealth-management-20-andrei-polgar/1124435282?ean=2940153328942 iBooks (Apple) - 🤍itun.es/us/wYSveb.l Kobo - 🤍store.kobobooks.com/en-us/ebook/wealth-management-2-0 My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below. Amazon - 🤍🤍amazon.com/Age-Anomaly-Spotting-Financial-Uncertainty-ebook/dp/B078SYL5YS Barnes & Noble - 🤍🤍barnesandnoble.com/w/the-age-of-anomaly-andrei-polgar/1127084693?ean=2940155383970 iBooks (Apple) - 🤍itunes.apple.com/us/book/age-anomaly-spotting-financial-storms-in-sea-uncertainty/id1331704265 Kobo - 🤍🤍kobo.com/ww/en/ebook/the-age-of-anomaly-spotting-financial-storms-in-a-sea-of-uncertainty Last but not least, if you'd like to follow me on social media, use one of the links below: 🤍🤍facebook.com/oneminuteeconomics 🤍twitter.com/andreipolgar 🤍ro.linkedin.com/in/andrei-polgar-9a11a561
Who pays the interest on excess SDR holding? IMF or some other entity?
Thanks man you are life saver, after watching so many lengthy vedio I finally got it...
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what does the x in XDR stands for???
Important update! The situation in Ukraine is BAD and action must be taken. If this channel has been useful to you at least once, please give me a minute (!) of your time by watching the following video dedicated to what I believe must be done from an economic perspective (anyone can help): nuZI_qBHyaY nuZI_qBHyaY
This is total control of people . The end of countries and borders. The elite and the rest of us. The elite will use climate change as a excuse take freedom from those who still have some.
Never give up your firearms. That's are last line of defense to keep are freedom. Soon we will need them after they collapse the Dollar and try to starve us out.
Thank you very much for this video. Hands down this was the only video that helped me in understanding SDRs
This is just insulting.... youtube.com/results?search_query=%23buybitcoin #BuyBitcoin
thankyou for the video
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Oh, I see. Its a scam !
You need to lower your speaking speed by .25x. coz i could understand this video with .75x speed
Thanks for this amazing video, I learnt more in 1 minute than I could in 4 minutes! :)
Its not seemed to be an indian lectur
Another attempt to make wealthier countries pay for third-world ones. Definitely a scatter-brained idea - just like climate funds and mass immigration! Time to shut these 'do-gooders down and get control of OUR lives back in our hands!
You are not very audible, improve your speech and must control on speed
when all the sdrs have gone to the poorer countries and the first cant keep paying interests then what happens?