IMF: China's yuan currency no longer undervalued

GMT 10:07 2015 Tuesday ,26 May

Arab Today, arab today IMF: China's yuan currency no longer undervalued

International Monetary Fund
Beijing - Arab Today

China's yuan currency, which Washington has long alleged was manipulated, is "no longer undervalued", the International Monetary Fund said Tuesday.

"Our assessment now is that the substantial real effective appreciation over the past year has brought the exchange rate to a level that is no longer undervalued," the IMF said in a statement after a consultation mission to China.

Arab Today, arab today
Arab Today, arab today
arabtoday arabtoday arabtoday
arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabs, Arab, Arab