Mon, Jun 21, 2021
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Currencies more

New fronts open up in rekindled currency wars

Posted on 04 April 2016

From Sweden to China, central banks are undermining their money for global advantage. In 2010 Guido Mantega, then Brazil’s finance minister, accused the United States and fellow powerful economies of deliberately weakening their currencies in order to take a greater slice of global trade — what he called a “currency war”.
His comments sparked calls from officials at the World Bank and the International Monetary Fund for the world’s leading economies to do more to avoid inflaming tensions by pursuing protectionist monetary policies. The issue dominated the agenda of both the IMF meeting in Washington and the G20 meeting of world leaders in Seoul that year………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
June 2021
S M T W T F S
« Nov    
 12345
6789101112
13141516171819
20212223242526
27282930