Crisis currency talks take place in South Africa
Finance leaders of the world’s 20 major economies are meeting in South Africa amid tensions over the slumping dollar and strong Asian currencies, especially China’s tightly-controlled yuan.
Also on the agenda for finance ministers and Central Bank governors are the deadlocked Doha trade talks on free markets, with the US widely blamed for the failure.
On the table for the two-day meeting of the Group of 20 are reforms to the International Monetary Fund and World Bank, which developing nations consider too much under the thumb of the US.
