Yuan to account for 10% of world reserves by 2025

The yuan will account for 10 percent of world reserves by 2025 with Asian monetary authorities showing the most support, according to a survey of central banks carried out in March.

The yuan will make up an estimated 2.9 percent of foreign-exchange stockpiles by the end of this year, based on the Central Banking Publications survey sponsored by HSBC Holdings Plc. It includes responses from 72 monetary authorities with $5.9 trillion in reserves. Thirty-five said they either hold the yuan or are considering doing so.

The results come as China calls for the International Monetary Fund to include the yuan in the agency's four-currency reserve basket at a review later this year. Inclusion would help the world's second-largest economy challenge the dollar's dominance in global trade and finance.