In 2014, which of the following currencies was not a part of the 'SDR Basket' of the International…
In 2014, the Chinese Yuan (Renminbi) was not part of the International Monetary Fund's Special Drawing Rights (SDR) currency basket, which then consisted of four currencies:…
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In 2014, which of the following currencies was not a part of the 'SDR Basket' of the International Monetary Fund?
Answer and explanation
Correct answer B
In 2014, the Chinese Yuan (Renminbi) was not part of the International Monetary Fund's Special Drawing Rights (SDR) currency basket, which then consisted of four currencies: the U.S. Dollar, the Euro, the Pound Sterling, and the Japanese Yen. The Chinese Renminbi was added as the fifth currency in the SDR basket with effect from 1 October 2016.
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RPSC Assistant Professor (College Education)