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PRESS RELEASE
Statement by the President of the European Central Bank, Jean-Claude Trichet
21 July 2005
Today’s decision of the Chinese authorities is welcome. The International Community had considered such a move towards greater flexibility desirable for a better functioning of the global economy. I welcome this decision and expect the handling of the new managed floating exchange rate regime to contribute to global financial stability.
KUR KREIPTIS
Europos Centrinis Bankas
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- media@ecb.europa.eu
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