Saturday, October 23, 2010
G-20 pledges to refrain from currency wars
G-20 countries have agreed to not go on currency wars to allow emerging nations' currencies to appreciate, and to reduce barriers to trade.
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This is a good plan. With One countries currency that is greater than another countries, this will allow for emerging countries to grow. This is because people are going to want more value of currency than a lesser value. Therefore, with one countries currency appreciating, trade will increase between the two.
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