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

Question

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

CollectorBabu · Accepted Answer

Correct Answer: Renminbi. ● The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries&rsquo; official reserves. ● SDRs can be exchanged for freely usable currencies. The value of the SDR is based on a basket of five major currencies&mdash;the US dollar, the euro, the Chinese renminbi (RMB), the Japanese yen, and the British pound sterling.

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

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

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