G20 Leaders Pledge To Avert Currency War

NPR | Feb. 18, 2013 3:42 a.m. | Updated: Feb. 18, 2013 7:14 a.m.

Contributed By:

Kirk Siegler

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A meeting of finance ministers from the 20 leading industrial and developing nations wrapped up over the weekend in Moscow. The nations agreed to not to target the exchange rates of their respective currencies amid concerns that competitive devaluation could spark a currency war.