The major currency used for granting credits to member countries of the International Monetary Fund (IMF) is the
Answer Details
The major currency used for granting credits to member countries of the International Monetary Fund (IMF) is the US dollars. The US dollar is the most widely used currency in international transactions and is considered as the world's reserve currency. Since the IMF was established to promote international monetary cooperation and exchange rate stability, it uses the US dollar as its main currency for lending to member countries that are experiencing balance of payments difficulties. The IMF also has special drawing rights (SDRs), which is a supplementary reserve asset that is used in transactions among member countries and is based on a basket of major currencies including the US dollar.