Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Business

IMF Sees No Firm Evidence that Currency Wars are Nearing

"I don't see evidence of firm policy decisions made that would lead us to suggest that we're heading for currency wars. So I think that would be premature," Rice said

Dollar and peso bills, photo: CAPITAL MEDIA/Alejandro Meza
By Reuters Whatsapp Twitter Facebook Share
7 months ago

WASHINGTON – The International Monetary Fund does not see firm evidence that currency wars are nearing but would like to see Group of 20 major economies reaffirm their commitment to free and fair trade this year, IMF spokesman Gerry Rice said on Thursday.

“I don’t see evidence of firm policy decisions made that would lead us to suggest that we’re heading for currency wars. So I think that would be premature,” Rice said in response to a question at a regular news briefing.

U.S. President Donald Trump’s confrontational rhetoric on trade and suggestions that the dollar is overvalued have complicated global economic cooperation efforts.

Reuters earlier reported that G20 host Germany intends to press the group to reaffirm its commitment to promoting free trade, resisting currency wars and fighting climate change when finance ministers and central bank governors meet in March in Baden-Baden.

Asked whether the IMF would support these efforts at the G20, Rice, said free and fair trade were “tenets” of the IMF.

“We think that trade that is fair, free, … well implemented, benefiting all, is an important factor for prosperity for the world. We would like to see those policies pursued.”

DAVID LAWDER

Comments Whatsapp Twitter Facebook Share
More From The News
World

Turkey: 19 Migrants Killed, 11 Missing a ...

2 hours ago
Business

Uber to Lose its License to Operate in L ...

2 hours ago
Mexico

Heading to Mexico? Busiest U.S. Crossing ...

2 hours ago
World

Theresa May: UK Seeks Two-Year Transitio ...

2 hours ago
Most Popular

Mexico Shocked By News: Girl Trapped in ...

By The Associated Press
Mexico

Earthquake Death Toll Rises to 273

By Notimex
Mexico

7.1 Magnitude Quake Kills 139 as Buildui ...

By The Associated Press
Mexico

Celebs Donate to Quake Relief, Politicia ...

By Federico Rojas Frias
Mexico

Semar: No Missing Child in Collapsed Sch ...

By The Associated Press
Mexico