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France's Lagarde will seek at G7 to reduce disorderly forex movements


Published : Tue, 16 Oct 2007 14:47
By : Agencies
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PARIS (Thomson Financial) - France will seek ways of reducing 'disorderly foreign exchange movements which affect economic growth' at the upcoming G7 meeting of finance ministers, French finance minister Christine Lagarde said.

'This is a concern of France, but also of states in the CFA franc zone,' Lagarde said at a press conference.

The CFA franc is a monetary unit used by 14 countries in west Africa.

The G7 meeting of finance ministers from France, the UK, the US, Canada, Japan, Germany and Italy meets Friday in Washington.

greg.keller@thomson.com

gk1/vs/vs

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