U.S. Treasury official: China must press ahead with currency reform

Tue May 26, 2015 9:38am EDT
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May 26 (Reuters) - China's currency liberalization plans are welcome and will be needed before the yuan is able to join the International Monetary Fund's reference basket of currencies, a senior U.S. Treasury official said on Tuesday.

In a call to preview discussions among Group of Seven nations in Germany, the official said the United States encouraged China to continue and complete the reforms.

(Reporting by Krista Hughes and Randall Palmer; Editing by Jeffrey Benkoe)