The exotic quantum double and its universal R-matrix for quantum Yang-Baxter equation are constructed in terms of Drinfeld's quantum double theory.As a new quasi-triangular Hopf algebra, it is much different from those standard quantum doubles that are the q-deformations for Lie algebras or Lie superalgebras. By studying its representation theory,many-parameter representations of the exotic quantum double are obtained with an explicit example associated with Lie algebra $A_2$ .The multi-parameter R-matrices for the quantum Yang-Baxter equation can result from the universal R-matrix of this exotic quantum double and these representattions.
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