Recently, which one of the following currencies has been proposed to be added to the basket of IMF’s SDR?
Rouble
Rand
Indian Rupee
Renminbi
Answer is Wrong!
Answer is Right!
This question was previously asked in
UPSC IAS – 2016
– The value of the SDR is based on a basket of key international currencies. Prior to 2016, the basket consisted of the US dollar, Euro, Japanese Yen, and British Pound.
– In 2015, the IMF’s Executive Board decided to include the Chinese Renminbi (RMB) in the SDR basket, effective October 1, 2016.