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

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

Explanation

Option (d) is correct
  • In the review concluded in 2015, the IMF’s Executive Board decided that the Chinese renminbi (RMB) met the criteria for inclusion in the SDR basket. In October 2016, the Chinese RMB joined the SDR basket.

Infographic detailing International Monetary Fund (IMF) overview, including history, objectives, functions, and financial assistance facilities. Features a world map highlighting member countries, timeline from 1944 establishment to operations start in 1947, key functions like economic surveillance and lending, and explanations of Special Drawing Rights with charts and reports listed.

Answer: (d) Renminbi; Difficulty Level: Medium
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