Economic and Social Passes Resolution Regarding the Economic & Social Impact of Currency Manipul

2/16/18

3:00 p.m.

One Cleveland Center

The Economic and Social Council has just passed a resolution, originally submitted by Kuwait, which answers the question of the economic and social impact of currency manipulation. The resolution involved proposing possible consequences for countries who violate international law regarding this issue and encouraging

countries to stabilize their own economy rather than relying on foreign currency. It also establishes a database, to be known as Nations United Against Currency Manipulation (NUACM), which would be a base of ideas on further solutions, as well as a log of those countries who are willing to participate and those who are not.