Mediafax (Mediafax)
Currencies  |  October 02, 2010 11:03:46

Strauss-Kahn: Steps of the Chinese government will lead to an appreciation of the renminbi


Mediafax

Yalta (MEDIAFAX) - The steps the Chinese government to release the exchange rate between yuan and U.S. dollar will lead to an appreciation of Chinese currency, said at a conference in the Black Sea port of Yalta chief of the International Monetary Fund (IMF) Dominique Strauss-Kahn. Informed the Reuters on Saturday.

"I'm sure that the new policy will lead the Chinese authorities to revalue the yuan," said Strauss-Kahn.

Beijing has released the Chinese currency exchange rate declined. Cheap yuan, among other things to help China's exports to the United States and strong growth of Chinese economy.

David Vandrovec, vandrovec@mediafax.cz

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