Plaza Accord

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Plaza Accord

Agreement among country representatives in 1985 to implement a coordinated program to weaken the dollar.

Plaza Accord

An agreement between the United States, the United Kingdom, West Germany, the United Kingdom, and Japan in 1985 to gradually devalue the U.S. dollar with respect to other currencies. The countries did this by selling dollars from their foreign currency reserves. In the years leading up to 1985 the dollar had become quite strong and was causing significant current account deficits and was making American exports less competitive globally. As a result of the Plaza Accord, the dollar depreciated more than 50% in an orderly fashion over the following two years. Interestingly, the Plaza Accord was the first major currency agreement involving Japan.

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No references found			Because of the Plaza Accord Agreement of 1985, which made the value of the yen much stronger against the dollar, Subaru decided to offer more products in the United States. Subarus Journey by Ronnie Tanner / Automobile industry community Exports to the United States also registered a double-digit decline for the ninth straight month for the first time since March to November in 1986, when Japanese exporters suffered from the yen's rapid appreciation following the 1985 Plaza Accord and trade frictions with the country, a ministry official said. 3RD LD: Japan's Feb. exports, imports both post record fall by Japan Weekly Monitor This was countered by the United States and its allies in the Plaza Accord by adopting the principle of intervening in currency markets in order to devaluate the Dollar. Breaking Free From the Dollar Hegemony by Dar Al Hayat, International ed. (Beirut, Lebanon)			planned unit development planning commission Planning Horizon Plano de aposentadoria Plano de aposentadoria consolidado Plano de aposentadoria financiado antecipadamente Plano de beneficios Plano de compensacao diferida Plano de pensao com distribuicoes diferidas Plano de pensao com prestacoes diferidas Plano de reducao do deficit Plano de reducao do salario Plano de reinvestimento de dividendos Plano di retiradas Plant Plant and Equipment Plastax plastic bonds plat Plata negra Platform Automation Platinum Play Player Playing the Market Plaza Accord Plazo PLC pledged account mortgage Pledged Asset pledged asset mortgage Pledging Plein employ Pleno empleo Pleno emprego PLN plot plan plottage value Plow Back Plowback Rate Plowback Ratio Plug Plum Pluna Plunge Team Plurilateral Agreement Plus plus (+) Plus a match Plus Tick Plus Tick Seller			playsuit playsuits playte playte plaything Playthings playtime playtimes playwear Playwork Education and Training Council playwright playwright playwrighting playwrighting Playwrights Playwrights Playwrights Guild of Canada Playwrights Horizons Theater School Playwrights Theatre Centre Playwrights Union of Canada Playwrights' Round Table Playwrite Playwrite Playwriter playwriting playwriting plaza plaza plaza plaza Plaza Accord Plaza agreement Plaza Automotriz Plaza Computer System Plaza de Toros Plaza Heights Baptist Church Plaza Heights Christian Academy Plaza Huincul Plaza Lasso, Galo Plaza Mayor Plaza Mayor Plaza Mayor Plaza Middle School Plaza Midwood Neighborhood Association Plaza Miranda Plaza North Branch Library Plaza of the Americas Plaza Senayan Plaza Singapura Plaza Volunteer Rescue Squad Plaza y Janes plazas plazas plazas Plazo PLB PLB PLB PLB (disambiguation) PLB (disambiguation) PLBC

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