UPSC Previous Year Question | Prelims GS | 2016

Recently, which one of the following currencies has been proposed to be added to the basket of IMF's SDR?

  1. Rouble
  2. Rand
  3. Indian Rupee
  4. Renminbi

Answer

Correct Answer

Renminbi

Explanation

The Chinese Renminbi (Yuan) was added to the IMF's Special Drawing Rights (SDR) currency basket, effective October 2016.

Topics: imf, indian economy, international monetary system, sdr basket