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G-20 moves toward common ground on currencies

Posted on 19 February 2013

The world’s largest economies took a step toward common global guidelines for exchange-rate policies with a pledge Saturday to refrain from targeting their currency policies to gain a competitive trading advantage.
The pledge, in a statement produced by finance ministers and central bankers from Group of 20 industrial and developing nations following two days of meetings here, marked the first time the group had agreed to such an explicit guideline on the issue. It came as officials sought to defuse global tensions over volatile exchange rates…………………………………….Full Article: Source

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