Monday, June 18, 2007

IMF sharpens focus of forex monitoring - Rato

(Reuters) - The International Monetary Fund has approved changes that sharpen its monitoring of member countries' foreign exchange policies and warns governments against using tactics that may trigger external instability, IMF chief Rodrigo Rato said on Monday.

The changes, the first in 30 years to the IMF's guidelines for monitoring currencies, provides clearer guidance to IMF staff on currency surveillance and to member countries on how they should manage their exchange rate policies.


Read more at Reuters Africa

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