Arab Today, arab today imf chief welcomes china move to widen yuan trading
Last Updated : GMT 10:54:12
Arab Today, arab today
Arab Today, arab today

IMF chief welcomes China move to widen yuan trading

Arab Today, arab today

Arab Today, arab today 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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