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Central Bank: Large forex fluctuations harmful(Reuters)Updated: 2007-06-20 14:57 China's central bank said on Wednesday that while currency adjustments can play some role in addressing external imbalances, any large fluctuations would be harmful to its economy and to others around the world.
The IMF on Monday approved changes that sharpen its monitoring of member countries' foreign exchange policies. (For more biz stories, please visit Industry Updates) |