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G-20 Holds Out Prospect of Bigger Yuan Role to Coax Gains

Group of 20 finance chiefs meeting in China held out the prospect of an enlarged global role for the yuan to encourage the government to free up a currency described by the U.S. as “substantially undervalued.”

France’s President Nicolas Sarkozy and Finance Minister Christine Lagarde said work should start on including the yuan in the currency basket used for the International Monetary Fund’s Special Drawing Rights. European Central Bank President Jean-Claude Trichet said the idea is “worth discussing.”