Reuters reports the International Monetary Fund will add the yuan to its basket of reserve currencies soon

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26 October 2015

Reuters reports the International Monetary Fund will add the yuan to its basket of reserve currencies soon

Reuters reported on Sunday that the International Monetary Fund (IMF) officials said that the IMF will add the yuan to its basket of reserve currencies soon. The lender will decide in November.

"Everything is on course technically and there is no obvious political obstacle. The report leans clearly towards including the RMB in the (basket) but leaves the decision for the board," one IMF official said.

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