Question

The value of Special Drawing Right (SDR) of the International Monetary Fund is determined by a basket of currencies consisting of how many currencies? 
1. 5
2. 10
3. 9
4. 15

Answer 1

Correct Answer - Option 1 : 5

The correct answer is 5.

•  The XDR basket has consisted of the following five currencies:
  • U.S. dollar 41.73%
  • euro 30.93%
  • Chinese yuan 10.92%
  • Japanese yen 8.33%
  • British pound 8.09%.
• The SDR is an international reserve asset created by the IMF to supplement the official reserves of its member countries. 

• The currency value of the SDR is determined by summing the values in U.S. dollars, based on market exchange rates, of a basket of major currencies (the U.S. dollar, Euro, Japanese yen, pound sterling, and the Chinese renminbi).
• SDR stands for Special Drawing Rights.
• The headquarters of IMF is in Washington, D.C., United States.