IMF Strengthens Monitoring of Exchange-Rate Policies to Avoid Instability

(Bloomberg) -- The International Monetary Fund
will start insisting that its 185 members reject currency
policies that create instability for other countries, Managing
Director Rodrigo de Rato said.

The new stance represents the first change to the fund's
system of monitoring its members' economic policies since 1977,
at the dawn of the current period of floating exchange rates, de
Rato said in a speech in Montreal.


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