China seen winning IMF's reserve-currency endorsement for yuan
Most economists polled in survey predict unit will be added to SDR basket at review in Oct
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Hong Kong
CHINA's goal to attain endorsement of the yuan as a reserve currency will be achieved this year, according to most economists surveyed by Bloomberg.
Eleven out of 16 polled by Bloomberg in the June 18-24 period predict the International Monetary Fund (IMF) will add the Chinese currency to its Special Drawing Rights (SDR) basket at a review in October. The Washington-based institution rejected the yuan in 2010 on the grounds it was not "freely usable".
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