China`s yuan set for IMF reserve status
Earlier this month, IMF head Christine Lagarde backed the yuan`s inclusion.
If the decision is made, the yuan is likely to join the basket next year, experts said.
China is the world`s second largest economy behind the US, and asked for its currency to become a reserve currency last year.
Concerns about Beijing keeping the yuan artificially low to help exporters is one reason why the currency has previously failed to meet the criteria for reserve currencies set out by the IMF.
However, Chinese officials have a made a concerted effort to build support for the yuan`s inclusion, and a recent IMF staff report endorsed such a move.
Initially, the currency`s inclusion would be largely a symbolic gesture, analysts said.