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G-20 urges flexible currencies, warns about volatility

Posted on 06 November 2012

Group of 20 finance chiefs pledged to move toward more flexible currency regimes while highlighting policy makers’ commitment to avoid competitive devaluations as global growth sours.
“We reiterate our commitments to move more rapidly toward more market-determined exchange rate systems and exchange rate flexibility to reflect underlying fundamentals,” finance ministers and central bankers of G-20 nations said in a statement yesterday after a two-day meeting in Mexico City………………………………………..Full Article: Source


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