Economics
China Seen Winning IMF Reserve-Currency Endorsement in 2015
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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 will add the Chinese currency to its Special Drawing Rights basket at a review in 2015. The Washington-based institution rejected the yuan in 2010 on the grounds it was not “freely usable.”