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Plaza Agreement
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| - | An agreement in 1985 which set up the G5 group of the United States, Japan, France, Germany and Britain and promoted further [[Depreciation|depreciation]] of the US dollar.
| + | Under the Plaza Agreement or Accord of 1985 the United States, Japan, France, Germany and Britain agreed to the [[Depreciation|depreciation]] of the dollar against the yen and the mark. It was signed in the Plaza hotel in New York. |
Revision as of 13:17, 18 December 2008
Under the Plaza Agreement or Accord of 1985 the United States, Japan, France, Germany and Britain agreed to the depreciation of the dollar against the yen and the mark. It was signed in the Plaza hotel in New York.