The Plaza Accord or Plaza Agreement was an agreement between the governments of France, West Germany, Japan, the United States, and the United Kingdom, to depreciate the U.S. dollar in relation to the Japanese yen and German Deutsche Mark by intervening in currency markets. The five governments signed the accord on September 22, 1985 at the Plaza Hotel in New York City.
Read more about Plaza Accord: Background, Effects
Famous quotes containing the word accord:
“Where might is mixed with wit, there is too good an accord in a government.”
—Elizabeth I (1533–1603)