BERLIN (MNI) – Foreign exchange rates won’t be a major topic of
discussion at the gathering of finance ministers and central bank
governors of the G7 and G20 at the upcoming IMF/World Bank meetings in
Washington, a senior German government official said Tuesday.
“Foreign exchange rates won’t be in the forefront of the
discussions,” the source stressed.
On Thursday evening, the G7 will discuss the state of the global
economy, fiscal consolidation and financial market regulation, the
official said.
At the G20 gathering on Friday, financial market reforms will be
the centerpiece of the discussions, the source explained. He noted that
the G20 are still split on the question of a bank levy to finance future
crisis cost.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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