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Washington renewed its support joining the yuan to a basket of currencies Monetary Fund
Saturday 07 November 2015
IMF: Policymakers in the Fund are planning to meet this month to review the possibility of inclusion of the Chinese yuan in the SDR basket of currencies the IMF but a specific date has not been decided
US President Obama BEIJING management informed that the United States still supports the inclusion of the yuan in the standard basket of currencies to the International Monetary Fund, provided that China meet the current standards of the international financial institution, he said a spokesman for the US Treasury Department said in a statement that Treasury Secretary Jack Liu held a telephone conversation with Vice-President Chinese Minister Wang Yang, the spokesman added, saying that «this conversation reflect the importance that China move faster towards the exchange rate determined by market forces in an orderly manner» Speaking before a summit of the Group of Twenty to be held next week in the Turkish city of Antalya leaders, urged Liu also China to implement policies public finance to support consumption.
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Saturday 07 November 2015
IMF: Policymakers in the Fund are planning to meet this month to review the possibility of inclusion of the Chinese yuan in the SDR basket of currencies the IMF but a specific date has not been decided
US President Obama BEIJING management informed that the United States still supports the inclusion of the yuan in the standard basket of currencies to the International Monetary Fund, provided that China meet the current standards of the international financial institution, he said a spokesman for the US Treasury Department said in a statement that Treasury Secretary Jack Liu held a telephone conversation with Vice-President Chinese Minister Wang Yang, the spokesman added, saying that «this conversation reflect the importance that China move faster towards the exchange rate determined by market forces in an orderly manner» Speaking before a summit of the Group of Twenty to be held next week in the Turkish city of Antalya leaders, urged Liu also China to implement policies public finance to support consumption.
[You must be registered and logged in to see this link.]
