Asia FX

IMF on verge of declaring yuan fairly valued: Report

IMF could declare yuan fairly valued: What it means

The International Monetary Fund (IMF) is reportedly on the verge of declaring China's currency fairly valued for the first time in more than a decade, the Wall Street Journal reported on Sunday.

The fund's reassessment is expected to be made official in IMF reports on China in the coming months, the report said.

This is a milestone event as the IMF for years have expressed disapproval over Beijing's management of its currency.

The shift could also undermine Washington's dissatisfaction with the , which it claims remains artificially weak and giving Chinese exports an unfair advantage.

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