gs1medium

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

  1. A.Rouble
  2. B.Rand
  3. C.Indian Rupee
  4. D.Renminbi
▶ Answer & Explanation

Correct answer: D. Renminbi

The Special Drawing Rights (SDR) basket is periodically reviewed by the IMF to include major global currencies. In 2016, the Chinese Renminbi (Yuan) was officially included in the SDR basket, marking a significant shift in the global financial architecture. The Rouble, Rand, and Indian Rupee are not currently part of the SDR basket.

Source: UPSC gs1 2016

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