Thursday, June 21, 2007

Must take care in determining FX misalignments - IMF

(Reuters) - The International Monetary Fund said on Thursday it would need to exercise "appropriate caution" in determining whether a country's currency was "fundamentally misaligned."

In a statement summarizing a meeting last week at which the IMF agreed on an overhaul of its currency surveillance framework, the IMF board said there were "considerable measurement uncertainties" in determining whether a currency was fundamentally misaligned.


Read more at Reuters Africa

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