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International Monetary Fund (IMF) level-1 :: Discussion

5.	Which of the following currency has largest weightage in the determination of the value of the SDR?
	A.	Japanese Yen
	B.	Euro
	C.	US Dollar
	D.	British Pound

	Answer: Option C


	Explanation:
	The IMF decided that the Renminbi (Chinese yuan) would be added to the SDR basket since October 1, 2016. Since then SDR basket consists of the following five currencies: U.S. dollar 41.73%, Euro 30.93%, Renminbi (Chinese yuan) 10.92%, Japanese yen 8.33%, British pound 8.09%.



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Published by:Michael Daani

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