Monday, June 18, 2007

China,Egypt,Iran did not support IMF forex changes

(Reuters) - The sources said the biggest concern among developing
countries in Friday's board discussion was whether the onus
should be on the IMF to prove that a country's currency is
misaligned.




The sources said the United States wanted to make
fundamental exchange rate misalignment one of four core
principles for members' exchange rate policies.


Read more at Reuters.com Bonds News

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