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The 'Special Drawing Rights' (SDR) is an international reserve asset created by the IMF. Which of the following currencies is currently NOT part of the SDR valuation basket?

  1. Chinese Renminbi (Yuan)
  2. Japanese Yen
  3. British Pound Sterling
  4. Swiss Franc

Answer: Swiss Franc

The SDR basket is reviewed every five years to ensure it represents the most widely used currencies in global trade and finance. The current basket consists of five currencies: the US Dollar, the Euro, the Chinese Renminbi (added in 2016), the Japanese Yen, and the British Pound Sterling. The Swiss Franc, while a major reserve currency, is not currently included in the SDR basket.

Topic International Economics - Institutions
Exam Relevance UPSC Prelims, Banking, SSC
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