The independent Iraqi news agency / listen ... Said Christine Lagarde, director of the International Monetary Fund in a speech on Sunday that the Chinese yuan could become a reserve currency in the future if China has undertaken further economic reforms.
Lagarde said that she was talking to Chinese policy makers and business leaders that the global China needs a roadmap for the exchange rate system stronger and more flexible.
China operates a closed system for the account of the capital and its currency is subject to the control of the Court of Greece, but Beijing says it wants to increase the international use of the yuan in settling trade transactions across the border has initiated a series of reforms in recent years in order to achieve that goal.
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