IMF chief welcomes China move to widen yuan trading
New York - AFP
The head of the International Monetary Fund, Christine Lagarde, on Saturday welcomed Beijing's move to loosen its currency controls in a major step towards more market-oriented reforms. "I would like to welcome this important step by the People's Bank of China to increase the flexibility of their currency," Lagarde said in a statement, after China's central bank said it would widen the yuan's trading band against the dollar.
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