Tag: G-20 nations promise to avoid competitive devaluations

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G-20 nations promise to avoid competitive devaluations

Sept 06, 2010 (LBO) – Finance ministers and central bankers from the Group of 20 nations have promised to avoid competitive devaluations after a two-day meeting in Turkey.“We will refrain from competitive devaluations, and resist all forms of protectionism,” G20 finance minsters and central bank governors said.During the meeting an official of the People’s Bank […]