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IMF warns countries against currency wars - FoxNews.com: "He says it would be a major mistake for countries to unfairly depress the value of their currencies to boost their exports"
Depressing a currency hurts the citizens of that country because it causes imports to be more expensive and therefore increases the cost of living. IMF acts as if depressing a currency only helps a country. :-/
Friday, October 08, 2010
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