BRICs Oppose U.S. on Currency Controls, Russia Says
Russian Finance Minister Alexei Kudrin said it’s premature for the world’s financial leaders to agree on a currency accord.
“In my view it’s too early to make a decision regarding currency exchange rates,” Kudrin told reporters in Washington. “Such measures aren’t yet sufficiently formulated.”
The BRIC countries are united in opposing U.S. efforts to weaken or eliminate mechanisms to control currency fluctuations, Russia’s Finance Ministry earlier said.
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