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G-20 accord to help ease currency volatility

Posted on 29 October 2010

From Yonhap: Foreign exchange rate volatility is expected to ease following a recent agreement by the Group of 20 leading economies to avoid competitive currency devaluation, South Korea’s top central banker said Friday.
Finance ministers and central bank governors from the G-20 agreed during the weekend to refrain from competitively weakening their currencies and to move toward a market-determined foreign exchange rate system……………………………………….Full Article: Source


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