SDR means Special Drawing Right, which in English is Special Drawing Right, SDR also means paper gold.

SDR was first issued in 1969. It is a book asset allocated by the International Monetary Fund based on the shares subscribed by member states and can be used to repay the debts of the International Monetary Fund and make up for the balance of payments deficits among member state governments.

Its value is currently determined by a basket of reserve currencies consisting of the U.S. dollar, euro, yuan, Japanese yen and pound sterling.

Extended information: Features of paper gold investment: First of all, as accounting gold, it can save a lot of storage costs and also facilitate investors' cash out.

To put it simply, after investors purchase physical gold, they need to save and store it. When they urgently need to cash out, they need to identify whether it is real gold. Paper gold is priced using the international spot gold price and the RMB converted therefrom, eliminating the need for

The inconvenience of investing in real gold.

In addition, paper gold can be traded 24 hours a day and is closely linked to the international gold price.

When prices fluctuate greatly, investors can use their free time at night to trade.

Paper gold adopts the T+0 trading method, which means multiple purchases and sales can be achieved on the same day. It also provides two trading modes of RMB gold and US dollar gold, which provides convenience for financial management in RMB and foreign currencies.