- The head of the International Monetary Fund on Friday warned global finance ministers that they should not use the value of their currencies as an economic weapon.
- The Obama administration has increased pressure on China to allow its currency to rise in value against the dollar as a way to boost U.S. exports.
- Various other nations, including Japan, Brazil and South Korea, have taken steps to keep their currencies weaker in an effort to boost exports.
Saturday, October 9, 2010
IMF warns countries against currency wars
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment