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G20 Finance Officials Discuss Currencies

Soldiers stand guard in front of a poster at the venue of the G20 finance ministers and central bank governors meeting in Gyeongju on October 22.
Finance officials from the world's 20 leading economies have met in South Korea to discuss ways to reduce recent tensions over currency-exchange-rate disputes.

However, little progress was reported in talks on the first day of the two-day meeting of G20 finance ministers and central bankers in the eastern coastal town of Gyeongju.

The talks come amid warnings of an all-out currency war with countries competing to devalue their currencies to boost exports.

The finance officials' talks come three weeks before the Group of 20 heads of state and government meet in the South Korean capital Seoul.

compiled from agency reports