Recently, which one of the following currencies has been proposed to be added to the basket of IMF’s SDR?
Detailed Explanation:
Answer: Option 4 — Renminbi
The Chinese Renminbi (RMB/Yuan) was added to the IMF's Special Drawing Rights (SDR) basket in October 2016, becoming the fifth currency alongside the US Dollar, Euro, Japanese Yen, and British Pound Sterling. This inclusion recognized China's growing role in global trade and finance. The SDR basket is reviewed every five years by the IMF to reflect currencies' relative importance in international transactions. Among the given options, only the Renminbi has been recently proposed and successfully added to the SDR basket, marking a significant milestone in international monetary cooperation.
Question 3 of 6 International Monetary Fund (IMF)
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