From Mail & Guardian
''As political rhetoric heats up, fears are mounting that a global currency war may escalate—concerns explicitly expressed by the Brics countries—Brazil, Russia, India, China and South Africa—in a recent communiqué.
“Excessive liquidity from aggressive policy actions taken by central banks to stabilise their domestic economies have been spilling over into emerging economies,” they wrote following a summit in India, “fostering excessive volatility in capital flows and commodity prices.''
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