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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

Published Mon, Oct 26, 2015 · 09:50 PM

Washington

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's executive …