The yuan will account for 10% 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% of foreign-exchange reserves by the end of this year, based on the Central Banking Publications survey sponsored by HSBC Holdings. It includes responses from 72 monetary authorities with USD5.9 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 (IMF) to include the yuan in the agency’s four-currency reserve basket at a review later this year. Inclusion would help China challenge the dollar’s dominance in global trade and finance. Another HSBC survey showed last month that 17% of companies worldwide used the yuan to settle trades, down from 22% a year earlier. The yuan fell two levels to seventh place globally among the most-used currencies in February, according to the Society for Worldwide Financial Telecommunications (SWIFT). Deutsche Bank said last week that the yuan has less than a 50% chance of becoming a reserve currency this year as it is not convertible under the capital account and foreign investors don’t have access to Chinese bond markets in general, the China Daily reports.