Capitals & Currencies - Current Affairs for December, 2015

Capitals & Currencies Current Affairs for December, 2015

Month wise coverage of Capitals & Currencies Current Affairs helps you improve your general knowledge and prepare for all competitive exams like IBPS, Bank PO, SBI PO, RRB, RBI, LIC, Specialist Officer, Clerk, SSC, UPSC, Railway etc. This section is updated daily with the most important events.

Preparing Capitals & Currencies Current Affairs December, 2015

1. Read the most important Capitals & Currencies Current affairs and facts here. 2. Take practice test of our Capitals & Currencies MCQ and Objective type questions. 3. Clear any quiz, GK, job interview or competitive exam on current affairs.
  • Month & Year   
▼ Zimbabwe to adopt Chinese Yuan as legal tender   [12-24-15]

Zimbabwe FM Patrick Chinamasa on 21st December 2015 announced the country has planned to adopt the Chinese Yuan as legal tender in return for debt cancellation worth USD 40 million dollars. As per the decision, Yuan will be a function of trade between China and Zimbabwe and acceptable with customers in Zimbabwe. China is currently the largest investor in Zimbabwe.

▼ IMF Executive Board includes yuan into SDR basket of currencies    [12-1-15]

Executive Board of IMF has decided to include the renminbi (yuan), into its basket of currencies that make up the IMF’s Special Drawing Right (SDR). The decision was taken during the IMF’s five-yearly review of the basket of currencies. SDR was created by IMF in the late 1960s and allows members to draw upon reserve currencies in the basket. Currently, these include dollar, euro, yen and pound sterling. Yuan will now be included from October 1, 2016.