CPA Response to G20 Statement on Currency Undervaluations

Contact: Sara Haimowitz, 202.688.5145, [email protected] An Enforcement Regime is Needed On February 19, 2013, the Group of Twenty Finance Ministers and Central Bank Governors (G20) issued a communique which addressed global currency misalignments.  In it, they pledged to: “move more rapidly toward more market-determined exchange rate systems and exchange rate flexibility to reflect underlying fundamentals,…

CPA Response to G20 Statement on Currency Undervaluation

An Enforcement Regime is Needed On February 19, 2013, the Group of Twenty Finance Ministers and Central Bank Governors (G20) issued a communique which addressed global currency misalignments.  In it, they pledged to: “move more rapidly toward more market-determined exchange rate systems and exchange rate flexibility to reflect underlying fundamentals, and avoid persistent exchange rate…