Central bankers hail first phase of global forex code
Central banks say they intend to adhere to new global code
Central banks welcomed the publication of the first phase of the global foreign exchange code of conduct today (May 26).
Members of the Bank for International Settlements' (BIS) Economic Consultative Committee and Global Economy Meeting said they intended to adhere to the code from now on.
This includes 30 central banks that participate as members and a further 19 observers. They expect their regular foreign exchange trading counterparties to do the same.
The first part of the code, designed to
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