Feb. 16 - World leaders of the G20 nations declare there will be ''no currency war'', as day two of their summit in Moscow gets under way. Rough Cut (no reporter narration)
ROUGH CUT - NO REPORTER NARRATION The Group of 20 nations declared on Saturday there would be no 'currency war' and deferred plans to set new debt-cutting targets in an indication of concern about the fragile state of the world economy. The leaders posed for a group photo along with world finance chiefs on Saturday. Japan's expansive policies, which have driven down the yen, escaped criticism in a statement agreed in Moscow by financial policymakers from the G20, which groups developed and emerging markets and accounts for 90 percent of the world economy. A version of the leaders' final communiqué, however, included a G20 commitment to refrain from competitive devaluations and stated monetary policy would be directed at price stability and growth.