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Foreign Countries Band Together to Devalue the US Dollar | On This Day
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September 22, 2025
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2:21Now PlayingOn Sept. 22, 1985, the U.K., France, Japan and West Germany joined forces to help the United States devalue the dollar. The intrigue began shortly after midnight when the Treasury Department confirmed reports that finance ministers and central bank heads of the five leading non-Communist industrial nations would meet that Sunday. Romaine Bostick explains how finance ministers laid out the case for adjusting trade imbalances.
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