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... ital market in September.

On September 22, 1985, the finance ministers and central bank governors of the United States, RB, Federal Republic of Germany, France and the United Kingdom held a meeting at the Plaza Hotel in New York, and reached a joint intervention in the foreign exchange market by the governments of the five countries to induce the exchange rate of the US dollar against major currencies. An agreement on orderly devaluation to address the problem of America's large trade def ...

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