imf chief welcomes china move to widen yuan trading
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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IMF chief welcomes China move to widen yuan trading

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Emiratesvoice, emirates voice 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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