Economy PYQ 45 of 50 · External Sector and the WTO

Which currency was most recently added to the IMF's Special Drawing Rights (SDR) basket?

  1. AChinese Renminbi
  2. BEuro
  3. CBritish Pound Sterling
  4. DJapanese Yen

BPSC Assistant Section Officer Prelims 2025

Show answer and explanation

Correct answer: (a) Chinese Renminbi

Explanation

The Special Drawing Right (SDR) is the IMF's reserve asset, valued against a basket of major currencies. The Chinese renminbi (yuan) is the latest to join: the IMF approved it in November 2015 and it entered the basket on 1 October 2016.

The basket now has five currencies: the US dollar, euro, Chinese renminbi, Japanese yen and British pound. The euro has been in it since 1999, when it replaced the Deutsche mark and the French franc.

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