'Refuse to enter any currency war'

  • Updated: February 16, 2013 - 9:02 PM

In a move to quiet fears of a so-called currency war, finance officials from the world's largest industrial and emerging economies expressed their commitment in Moscow on Saturday to "market-determined exchange rate systems and exchange rate flexibility." The Group of 20 ministers promised: "We will refrain from competitive devaluation." "We all agreed on the fact that we refuse to enter any currency war," said French finance minister Pierre Moscovici. Here's a look at the currency debate:

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT