BGN Entrepreneur

Ministers from leading countries are strugling to push an agreement spurning competitive currency devaluations amid fears that a foreign exchange war could derail the world recovery.
According to a draft communique circulated in the lead-up to a summit of finance ministers and central bankers in Korea, it is stated that the G20 countries could pledge to refrain from competitive undervaluation of currencies.
However, insiders warned that a meeting of minds on the statement remained unlikely at the meeting.

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