The final statement of the Group of Twenty favor of exchange rate flexibility

The final statement of the Group of Twenty favor of exchange rate flexibility

7.19.2013 | (Voice of Iraq) - Add Comment - MOSCOW (Reuters)  stressed the final statement of the Group of Twenty on Friday on a collective commitment to flexible exchange rates and praised the support extended to global growth thanks to monetary stimulus measures taken by some central banks. said the statement, seen by Reuters, "We affirm our commitment to move forward at a faster pace towards work systems of exchange rates determined by market factors more and exchange rate flexibility to reflect underlying factors and avoid imbalances constant exchange rates." said the wording amended to reflect the Group of Twenty "We will abstain from the devaluation of currencies to gain a competitive advantage will target prices spent procedures check purposes competitive. " is scheduled to review the finance ministers and governors of central banks drafting the final statement adjusted for dinner. acknowledged paragraphs revised statement also Palmsandh extended to the global economy of the policies of monetary stimulus but added "we are still aware of the risks and effects negative unintended side for extended periods of Altesiralnkadi. " (preparation Mohamed Abdel Aal Arab Bulletin)

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