By Brian Parkin and Dune Lawrence
Leaders of the world’s biggest developed and emerging nations avoided a debate over the dollar’s role in the global economy as they agreed not to devalue their currencies to promote their exports.
With officials from Brazil, India, China and Russia pushing consideration of alternative reserve currencies, their joint statement’s language on foreign exchange echoed an agreement at an April summit of the Group of 20.
Continue Reading G-8, G-5 Dodge Dollar Spat, Vow to Avoid Devaluations (Update1)
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