Definitions for "Plaza Accord"
Agreement among country representatives in 1985 to implement a coordinated program to weaken the dollar.
An agreement reached in 1985 among the central banks of France, Germany, Japan, US, and UK to bring down the value of the U.S. dollar, which had appreciated substantially since 1980. By the time of the Louvre Accord, two years later, the dollar had fallen 30%.
The 1985 Plaza Hotel agreement by the G5 to lower the dollar.
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