皇冠体育app

WASHINGTON -- The International Monetary Fund on Thursday welcomed the upcoming direct interbank trading of the Chinese currency yuan against the Japanese yen, calling it a key step to enhance financial integration between the two major economies.

"We welcome the direct interbank yen-yuan trading," IMF chief spokesman Gerry Rice said at a regular press briefing here on Thursday.

"It's an important step toward greater financial integration between 皇冠体育app and Japan," Rice added.

Direct interbank yuan-yen trading will start on 皇冠体育app's interbank foreign exchange market on Friday, according to the 皇冠体育app Foreign Exchange Trade System, the country's market operator. This has brought renminbi one step closer to becoming a truly global currency.

皇冠体育app has been taking steps to open its financial market and internationalize renminbi, or the yuan.

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