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Currency Shifts Urged by IMF As Pressure Grows
IMF managing director Pierre-Paul Schweitzer urged a prompt realignment of world currencies and removal of Nixon's 10 percent import surcharge. He spoke at a joint IMF World Bank meeting, calling for U.S. currency devaluation and broader cooperation to boost competitiveness amid calls from partners and critics. He warned against a trade war and endorsed gold as part of reserves.
MENTIONED IN THIS ARTICLE
Washington
UPI
Pierre-Paul Schweitzer
International Monetary Fund
IMF
Nixon
U.S
Schweitzer
Sheraton Park Hotel
George Pompidou
United States
Bueller