10/10/2010
International Monetary Fund reached a settlement to avoid (the war of currencies) economic report
Conscious / n. خ X
Member states reached in the International Monetary Fund after a meeting Saturday in Washington to settle shy about currency exchange rate, requires that in the future promotion of a Currency Control by the International Monetary Fund.
The Committee invited the International Monetary and Financial, the body charged with identifying the major trends of the IMF on behalf of the 187 member states, the institution to "deepen its work" on this controversial issue.
The Committee noted that "the tensions and weaknesses continued to exist because of the wide scope of global imbalances and the continued volatility of capital flows and exchange rate change and issues relating to the offer and reserve accumulation."
The final statement of the General Assembly's annual International Monetary Fund "We call on the IMF to deepen its work in these areas, including an in-depth studies to contribute to the effectiveness of management policies Elaborate the flow of capital."
However, the procedures established at the time did not seem able to calm tensions in the forefront of controversy almost daily about the level of the exchange rate of Chinese currency, the yuan between China and the largest trading partners of any United States and Europe and its Asian neighbors.
The United States believes that China crashes improvement over the yuan's exchange rate buying foreign currencies.
In the thirtieth of June, Beijing has the largest reserves of hard currency in the world with nearly 30% of the global total, ie, 2447 billion dollars. The outcome of the General Assembly's annual International Monetary Fund a blow to the hopes of calming tensions caused by the intervention of several countries to reduce their exchange rate.
International Monetary Fund reached a settlement to avoid (the war of currencies) economic report
Conscious / n. خ X
Member states reached in the International Monetary Fund after a meeting Saturday in Washington to settle shy about currency exchange rate, requires that in the future promotion of a Currency Control by the International Monetary Fund.
The Committee invited the International Monetary and Financial, the body charged with identifying the major trends of the IMF on behalf of the 187 member states, the institution to "deepen its work" on this controversial issue.
The Committee noted that "the tensions and weaknesses continued to exist because of the wide scope of global imbalances and the continued volatility of capital flows and exchange rate change and issues relating to the offer and reserve accumulation."
The final statement of the General Assembly's annual International Monetary Fund "We call on the IMF to deepen its work in these areas, including an in-depth studies to contribute to the effectiveness of management policies Elaborate the flow of capital."
However, the procedures established at the time did not seem able to calm tensions in the forefront of controversy almost daily about the level of the exchange rate of Chinese currency, the yuan between China and the largest trading partners of any United States and Europe and its Asian neighbors.
The United States believes that China crashes improvement over the yuan's exchange rate buying foreign currencies.
In the thirtieth of June, Beijing has the largest reserves of hard currency in the world with nearly 30% of the global total, ie, 2447 billion dollars. The outcome of the General Assembly's annual International Monetary Fund a blow to the hopes of calming tensions caused by the intervention of several countries to reduce their exchange rate.
In late September of Brazil spoke of a "war of currencies", in a spread in the whole world.
In order to avoid this "war" suggested Dominique Strauss - The director of the International Monetary Fund to participate personally in the preparation of traditional annual reports on the economy, the biggest member states. These reports will include developments on the implications of economic policies (including exchange rate) to other countries.
From this angle the International Monetary Fund is hoping to answer questions such as knowing to what extent the destabilizing pumping thousands of billions of dollars in the U.S. financial system, some states or to what extent the cause to keep the price low for the yuan in damage to industries countries unable to compete with Chinese prices.
http://translate.google.com/translate?hl=en&sl=ar&u=http://al-iraqnews.net/new/economic-news/29088.html&prev=/search%3Fq%3Dnahrain%26hl%3Den%26client%3Dfirefox-a%26hs%3Dbh9%26rls%3Dorg.mozilla:en-US:official&rurl=translate.google.com&twu=1
In order to avoid this "war" suggested Dominique Strauss - The director of the International Monetary Fund to participate personally in the preparation of traditional annual reports on the economy, the biggest member states. These reports will include developments on the implications of economic policies (including exchange rate) to other countries.
From this angle the International Monetary Fund is hoping to answer questions such as knowing to what extent the destabilizing pumping thousands of billions of dollars in the U.S. financial system, some states or to what extent the cause to keep the price low for the yuan in damage to industries countries unable to compete with Chinese prices.
http://translate.google.com/translate?hl=en&sl=ar&u=http://al-iraqnews.net/new/economic-news/29088.html&prev=/search%3Fq%3Dnahrain%26hl%3Den%26client%3Dfirefox-a%26hs%3Dbh9%26rls%3Dorg.mozilla:en-US:official&rurl=translate.google.com&twu=1
