Recently, which one of the following currencies has been proposed to be added to the basket of IMF's SDR?
- ARouble
- BRand
- CIndian Rupee
- DRenminbiCorrect
Explanation
The Special Drawing Rights (SDR) is an international reserve asset created by the International Monetary Fund (IMF) to supplement its member countries’ official reserves. Its value is based on a basket of five major currencies. In 2016, the Chinese Renminbi (RMB), also known as the Yuan, was added to this basket, joining the US Dollar, Euro, Japanese Yen, and British Pound. This inclusion marked a significant milestone for China's currency and its growing role in the global financial system.
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