ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Which of the following currency is not included in the calculation of SDR value? Explanation: In determining the IMF basket, rupee’s value is not included.

Detailed explanation-2: -UPSC Mains. Q. Which of the following currencies is not included in the Special Drawing Rights (SDR) Currency Basket? Notes: The SDR basket now 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%).

Detailed explanation-3: -The value of the SDR is based on a basket of five currencies-the U.S. dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling.

Detailed explanation-4: -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).

Detailed explanation-5: -The Special Drawing Right (SDR) is an interest-bearing international reserve asset created by the IMF in 1969 to supplement other reserve assets of member countries. The SDR is based on a basket of international currencies comprising the U.S. dollar, Japanese yen, euro, pound sterling and Chinese Renminbi.