Israel’s Fischer calls for international FX rules

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International rules and norms on intervention in foreign exchange markets must be developed by the IMF, Stanley Fischer, the governor of the Bank of Israel, said on Tuesday.

At the 11th annual Herzliya Conference in Herzliya Israel, Fischer said that in contrast to commodities trading, where the rules are very clear, there were "no rules and norms that would impose limits on individual countries' intervention in foreign-currency markets" in international economic policy today. "It is very import

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