Leading world economies have agreed to put the policies of seven major nations under a microscope as part of a plan to prevent a repeat of the global financial crisis.
The pact was agreed by the Group of 20 nations after months of wranglin
Finance leaders from the Group of 20 economies will pledge on Saturday to commit themselves to pursue market-determined exchange rates and refrain from 'competitive devaluation' of their currencies, a G20 source said.
G20 delegates agreed on Saturday global economic recovery would endure although the speed of expansion may slow, a South Korean official said.
Kim Jae-chun, deputy governor of South Korea's central bank who co-chaired the meeting of G2