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IMF set for green light on yuan joining currency basket: sources

Executive board is scheduled to decide in Nov on putting unit on par with US dollar, yen, euro and pound sterling

Beijing is pushing for the yuan to join the SDR basket as part of its long-term strategic goal of reducing dependence on the US dollar and to mark the country's coming of age as an economic power.


INTERNATIONAL Monetary Fund (IMF) staff are set to give the all-clear for China's yuan to be included in the lender's benchmark currency basket, laying the groundwork for a favourable decision by policymakers, people familiar with the discussions said on Sunday.

The IMF'