Geithner IMF Statement –

Treasury Secretary Timothy Geithner addressed the need for major currency floatation.  In a statement to the International Monetary Fund (IMF) steering committee, Geithner stated the need for major economies to allow their currencies to adjust to market conditions.  The Chinese Yuan is one of the major currencies that need to become more market driven.

To read a related Bloomberg article, please click here:

http://www.bloomberg.com/news/2011-04-16/geithner-says-major-economies-should-let-currencies-adjust-1-.html

Jim Sutliff

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