world_organizations medium Fill in the Blank

The IMF's Special Drawing Rights (SDR) is an international reserve asset created to supplement member countries' official reserves, with its value based on a basket of five major currencies: US dollar, euro, Chinese renminbi, Japanese yen, and _____.

  1. British pound sterling
  2. Swiss franc
  3. Canadian dollar
  4. Australian dollar

Answer: British pound sterling

The SDR basket comprises the US dollar, euro, Chinese renminbi, Japanese yen, and British pound sterling. The basket is reviewed every five years by the IMF Executive Board to ensure it reflects the relative importance of currencies in global trade and finance.

Topic International Monetary Fund
Exam Relevance Banking, UPSC, SSC
More world_organizations Questions Back to all questions