04.04.2016 - New fronts open up in rekindled currency wars
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
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