There were no secret backroom agreements at the Group of 20 (G-20) meeting in Shanghai to manage the exchange rate between the dollar and renminbi, the deputy managing director of the International Monetary Fund (IMF) told CNBC, rebuffing reports of a deal.
“We didn’t hear anything,” Zhu Min, deputy managing director of the International Monetary Fund (IMF).
“The (Chinese) vice minister of finance (Zhu Guangyao) clearly denied the rumors and I don’t think there was any secret deal.”
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