Paper gold refers to certificates that can be converted into gold at the offices of the issuer, whether private or government. It is often used in exchange due to its convenience over the physical metal.
Special Drawing Rights (SDRs) are supplementary foreign exchange reserve assets, created and maintained by the International Monetary Fund (IMF). Known informally as 'paper gold', SDRs were first issued in 1970 with the aim to supplement member countries' official reserves, providing liquidity and enhancing global financial stability.
