1. Hello Guest Click here to check FX Binary Point Financial Directory

China's Premier gurantees IMF Yuan to stay stable

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Bali) - Chinese Premier Li Keqiang, in a telephone call with IMF chief Christine Lagarde during Thursday, said that the Chinese government has no intention to boost exports by devaluing the renminbi.

    Li added they are not intending to create a currency war, and that China "is able to maintain continued, steady growth of its economy."

    "The fact is that the renminbi exchange rate has remained basically stable against a basket of currencies, and there is no basis for continuous depreciation of the renminbi", Li said.

    "China will press steadily ahead with the reform of mechanism to formulate the RMB exchange rate" Li also commented.
    For more information, read our latest forex news.

Share This Page