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Vol 51 No 21

Published 22nd October 2010


Caught in the currency battles

The main protagonists in the current currency skirmishes are the United States and China but developing economies are caught in the crossfire as governments talk of competitive devaluation and more controls on capital. A bid for a multilateral deal on currency rates will dominate the Group of 20 (G-20) summit in South Korea on 11-12 November, at which South Africa and the African Union will be represented.

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