TEXT-Main points of G20 finance communique

Sat Feb 16, 2013 1:54am EST
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MOSCOW Feb 16 (Reuters) - Following are key passages of a joint communique to be issued on Saturday after a meeting of finance ministers and central bankers from the Group of 20 nations in Moscow.

A copy of the text, thrashed out on Friday night, was seen by Reuters. This is not a full text:


"We reaffrm our commitment to cooperate for achieving a lasting reduction in global imbalances and pursue structural reforms affecting domestic savings and improving productivity.

"We reiterate our commitments to move more rapidly towards market-determined exchange rate systems and exchange rate flexibility to reflect underlying fundamentals and avoid persistent exchange rate misalignments, and in this regard, work more closely with one another so we can grow together.

"We reiterate that excess volatility of financial flows and disorderly movements in exchange rates have adverse implications for economic and financial stability.

"We will refrain from competitive devaluation. We will not target our exchange rates for competitive purposes. We will resist all forms of protectionism and keep our markets open."