Special Drawing Right (SDR) Currency Exchange Rate Conversion Calculator
The value of the SDR was initially defined as equivalent to 0.888671 grams of fine gold—which, at the time, was also equivalent to one U.S. dollar. After the collapse of the Bretton Woods system in 1973, however, the SDR was redefined as a basket of currencies,today consisting of the euro, Japanese yen, pound sterling, and U.S. dollar. The U.S. dollar-value of the SDR is posted daily on the IMF’s website. It is calculated as the sum of specific amounts of the four currencies valued in U.S. dollars, on the basis of exchange rates quoted at noon each day in the London market.
José Gabriel Angarita. Caracas, Venezuela.
The replacement for the USD will be the SDR. What that means for the revaluation of the USD based on this new paradigm is not known but the best guess is that we will lose a good portion of the value of our savings.
Source: The NC Renegade