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Recently, which one of the following currencies has been proposed to be added to the basket of IMF's SDR?
(a) Rouble
(b) Rand
(c) Indian Rupee
(d) Renminbi



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The Renminbi (RMB), the official currency of China, has been proposed to be added to the basket of International Monetary Fund's (IMF) Special Drawing Rights (SDR). The SDR is a supplementary international reserve asset created by the IMF and is used as a unit of account for member countries' international transactions. The addition of the RMB to the SDR basket signifies the recognition of the currency's global importance and its integration into the international financial system. This proposal was approved by the IMF in 2015, and since then, the RMB has become a part of the SDR basket along with the US dollar, euro, Japanese yen, and British pound sterling.


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