IMF's Koehler urges move to FX flexibility in Asia

Managing Director of the IMF, Horst Koehler, called on Asian nations to gradually introduce greater foreign exchange flexibility on Monday. He also urged advanced countries to tackle their deep-seated structural problems to ensure a gradual and orderly correction in global current account balances.

Source: Dow Jones

International Monetary Fund Managing Director Horst Koehler urged Asian countries Monday to gradually introduce greater foreign exchange flexibility, while also advising developed

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