APEC finance ministers pledge to refrain from competitive currency devaluations

September 11, 2015 11:50 AM

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MANILA, Philippines – Finance ministers from Asian and Pacific nations say they are committed to strengthening economic growth and stability in the region and will refrain from competitive currency devaluations amid financial volatility.

The finance ministers from the 21-member Asia Pacific Economic Cooperation forum made the statement Friday after a two-day meeting in central Cebu City ahead of a leaders' summit in November.

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