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Decision on CNY inclusion in SDR basket to be “very likely" made by end-2015

This follows bullish statements from the International Monetary Fund (IMF) and US Treasury, though Credit Suisse adds that more needs to be done by Chinese authorities before wealth managers will invest meaningfully into Chinese reserve-related assets after the yuan’s inclusion in the Special Drawing Rights (SDR) basket of currencies. The Swiss lender believes that it is now “very likely” that…

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