Asian currencies need more flexibility - IMF

- Central Banking staff
- 14 Oct 2003

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IMF Deputy Managing Director Shigemitsu Sugisaki has called on Asia to play its part in adjusting the US trade deficit by allowing greater foreign exchange rate flexibility. "With comfortable reserves and a strong economic growth outlook, Asia is well placed to heed this advice," he said.

Source: Reuters

Asia needed to play its part in adjusting for the U.S. current account deficit through allowing greater foreign exchange rate flexibility, a senior official of the International Monetary Fund (IMF

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