Wednesday, October 6, 2010

Warning against governments using exchange rates as a weapon

Currency war a risk to recovery, warns IMF chief

Dominique Strass-Kahn said governments are risking a currency war if they use exchange rates to solve their own problems. He told the Financial Times: "There is clearly the idea beginning to circulate that currencies can be used as a policy weapon." He added: "Translated into action, such an idea would represent a very serious risk to the global recovery ... Any such approach would have a negative and very damaging longer-run impact."

Posted by mark @ 10:49 AM (884 views)
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One thought on “Warning against governments using exchange rates as a weapon

  • general congreve says:

    But a total boon for the gold price 🙂

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