Explanation
The currency that is the last included in the basket of reserve currencies under the International Monetary Fund (IMF) is the Chinese Renminbi, also known as the yuan.
In November 2015, the IMF included the Renminbi in the basket of reserve currencies, known as the Special Drawing Rights (SDR). The SDR is a basket of currencies used by the IMF to determine the value of its international reserve asset.
The inclusion of the Renminbi in the SDR basket was a significant development for China's economy and its international financial status. It meant that the Renminbi had become a major international currency, along with the US dollar, Euro, Japanese Yen, and British Pound, which were already included in the SDR basket.
The inclusion of the Renminbi was also a recognition of China's growing economic power and its efforts to open up its financial markets to foreign investors. It was seen as a step towards internationalizing the Renminbi and making it a more prominent currency in global trade and finance.
