G20 leaders seal currency agreement
Leaders of the world's biggest economies at G20 have agreed to develop new guidelines to avoid "competitive devaluation" of currencies.
Prime Minister David Cameron hailed the agreement as 鈥済ood for British jobs, good for British businesses and good for British exporters鈥�.
Mr Cameron added:
By acting together we can maximise world growth and we can cut world unemployment. This is not some obscure economic issue - in the end, it is about jobs.
Chancellor George Osborne said the new 鈥渋ndicative guidelines鈥� marked a significant step forward in shaping a new global economic framework for the post-crisis world.
皇冠体育app final G20 communique also put in place a mechanism that will allow the International Monetary Fund to assess countries and the effects of their exchange rate policies.
皇冠体育app communique聽recognised that 2011 will provide a 鈥渃ritical window of opportunity鈥� to complete the Doha Round of trade liberalisation negotiations.
皇冠体育app G20 will be chaired and聽hosted by France next year.
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