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
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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