TheInternational Monetary Fund or the IMF as is most commonly known up as is a body of finance professional that keeps an eye out on the world financial system as well as keeps it in check. The International Monetary Fund as well lends to the Governments as well as local bodies where it is much needed and thus forms the back bone of the entire of the worlds financial system. It as well exposes the countries whom take the loans from it, into much riskier as well as much more threatening structure of finance and as well imposes its own terms on them which in turn becomes the inflation that we are quite used to by now.
Today, the head of theInternational Monetary Fund or the IMF has told apart to China in a statement given out by him in a press conference earlier that he wants the Chinese Government to increase the rate with which they are appreciating their currency named Yuan so that whatever is needed for the long term growth of the world economy as well as the Chinese economy itself can be achieved without any sort of a trouble.
China is a major exporter of all sorts of products all across the globe and especially the US which is the biggest buyer of Chinese products and thus the currency appreciation move is quite necessary for them as far as the overall world economical condition is concerned which takes into account the Chinese currency more than any other.