Consider the following statements regarding SDR 1 Yuan is the last currency added in SDR 2 SDR is ma...........

Economic Affairs World Bank and IMF

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Consider the following statements regarding SDR:

1. Yuan is the last currency added in SDR.

2. SDR is maintained by International Monetory Fund.

3. Euro has the highest share in SDR currency basket.

Which of the above statements are correct:

1 only.

1 and 2 only

1 and 3 only

All are correct

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Explanation:

3rd statement is incorrect i.e. Euro has the highest share in SDR currency basket.
The weights of the five currencies in the new SDR basket based on the new formula are listed below:
U.S. dollar 41.73 percent (compared with 41.9 percent at the 2010 Review)
Euro 30.93 percent (compared with 37.4 percent at the 2010 Review)
Chinese renminbi 10.92 percent
Japanese yen 8.33 percent (compared with 9.4 percent at the 2010 Review)
Pound sterling 8.09 percent (compared with 11.3 percent at the 2010 Review)