A resolution expressing the sense of the Senate with respect to the urgency of achieving and maintaining proper alignment of major international currencies essential to stem protectionism and aid early recovery of world trade expansion.

Summary

Expresses the sense of the House of Representatives that the President should seek a consensus at the Williamsburg Summit, aimed at: (1) reducing disparities in certain financial rates and economic policies among summit countries; and (2) arranging a meeting of summit country finance ministers with the Secretary of the Treasury, to achieve an alignment between the interest rates and major currencies. Urges the President to arrange, in conjunction with the Williamsburg Summit, bilateral discussions with the Prime Minister of Japan to bring about further realignment of the yen and dollar exchange rates.

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1 official file

• Introduced in Senate

  summary · EN · 6 May 1983

  Open at official source

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