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The United States on Tuesday designated China as a country manipulating the exchange rate, saying it would work with the International Monetary Fund to eliminate China's "unfair advantage" by reducing the yuan to a minimum by compared to the US dollar since last December.
Moscow – Sputnik. The Finance Ministry said in a statement: "Finance Minister Stephen Mnuchin, and under the auspices of US President Donald Trump, today ranked China in the list of countries handling the exchange rate, in the context of this decision[التصنيف]Minister Menuchin will hold talks with the International Monetary Fund to remove the unfair competitive advantage created by China's recent actions. "
US President Donald Trump denounced Monday China's action on its currency, allowing the yuan to break the 7 yuan mark for the first time in more than 10 years, making Trump a "violation." Big ".
"China has lowered its currency to an almost historic level," said Trump. "This is what is called monetary manipulation." "Do you mean, Federal Reserve?" It is a serious violation that will significantly weaken China over time! "
The Financial Times on Monday released a report on what he called the "historic decline" of the Chinese currency.
The yuan fell by more than 1%, its lowest level in 11 years, while there was growing fear of a sharp escalation of the trade war between China and the United States.
In its report, the Financial Times spoke of the historic fall of the Chinese yuan as investors, worried about the trade war, resorted to badets that they considered safe havens.
The yuan briefly broke the 7 yuan barrier against the US dollar on Monday morning.
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