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TOPIC: "Geithner Urges Greater IMF Role in Currencies" (AP, Time.com, 10/9/10)


Diamond

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"Geithner Urges Greater IMF Role in Currencies" (AP, Time.com, 10/9/10)
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Read @ Time.com

Geithner Urges Greater IMF Role in Currencies


(WASHINGTON) — Treasury Secretary Timothy Geithner is urging the International Monetary Fund to play a bigger role in monitoring how countries manage their currencies.

Geithner told the IMF's top policy committee on Saturday that the 187-nation lending institution must speak more forcefully about exchange rate policies.

Continues @ Time.com

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I agree with Geithner on this. In fact, I have wondered for a very long time why IMF does not take a greater role/take control of currency exchange rates.

Geez! That's two Geithner articles in a day! Must have woken up on the wrong side ... lol


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