Economy
2016
Balance of Payments
External Sector
Recently, which one of the following currencies has been proposed to be added to the basket of IMF’s SDR?
B.Rand
C.Indian Rupee
D.Renminbi
A.Rouble
Correct Answer: Option D
In November 2015, the Executive Board of the IMF decided to include the Chinese Renminbi (RMB) in the SDR basket as a fifth currency, alongside the U.S. dollar, euro, Japanese yen, and pound sterling.
This decision became effective on October 1, 2016.
Therefore, the Renminbi was the currency proposed to be added to the IMF's SDR basket.
Source:
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