G20 finance ministers highlighted the need to combat exchange rate volatility and misalignment but dropped a previous appeal against competitive devaluations in a communique published after talks on Saturday. The communique said G20 countries were committed to enhanced exchange rate flexibility and that the international monetary system should be improved to avoid disruptive swings in capital flows and exchange rates. – Reuters
G20 Committed to Combat Exchange Rate Volatility
By editor Feb 19, 2011, 3:37 PM
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