IMF chief sees no risk of currency war

Published 09/28/2010, 04:30 PM
Updated 09/28/2010, 04:32 PM

WASHINGTON, Sept 28 (Reuters) - International Monetary Fund chief Dominique Strauss-Kahn said on Tuesday he did not see a risk of a currency war as countries intervene to weaken their currencies but acknowledged it was a concern.

Speaking to news agency reporters ahead of IMF and World Bank meetings in Washington next week, IMF Managing Director Strauss-Kahn said efforts by countries to devalue their currencies will be discussed at the meetings of global finance chiefs on Oct. 8 and 9 and by the Group of 20 in South Korea.

"There has been a rising concern in recent days about this question," Strauss-Kahn said. "I don't feel today there is a big risk of currency war despite what has been written," he added. (Reporting by Lesley Wroughton; Editing by James Dalgleish)

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