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. Unit of account Some international organizations use the XDR as a unit of account. The IMF says using the XDR in this way "help[s] cope with exchange rate volatility." As of 2001, organizations that use the XDR as a unit of account, besides the IMF itself, include: Universal Postal Union, African Development Bank, Arab Monetary Fund, Asian Development Bank, Bank for International Settlements, 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. It is not only international organizations that use the XDR in this way. JETRO uses XDRs to price foreign aid. In addition, charges, liabilities, and fees prescribed by some international treaties are denominated in XDRs. 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 SDR, like the IBRD 2016 SDR denominated bonds. 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. The Montreal Convention and other treaties also use XDRs in this way, capping damages at XDR 128,821. Use as currency According to the IMF, "the SDR may not be any country’s optimal basket", but a few countries do peg their currencies to the XDR. One possible benefit to nations with XDR pegs is that they may be perceived to be more transparent. As of 2000, the number of countries that did so was four. This is a substantial decrease from 1983, when 14 countries had XDR pegs. As of 2010, Syria pegs its pound to the XDR. See also Bancor Reserve currency Group of Ten (economics) Central securities depository Notes References Citations Works cited External links Today's US dollar value of the XDR from the IMF SDRs per Currency unit and Currency units per SDR last five days XDR Interest Rate, Rate of Remuneration, Rate of Charge and Burden Sharing Adjustments 2009 XDR Interest Rate Calculation