The Plaza Accord | On This Day
Bloomberg Televisionยท2025-09-22 22:06
All right, welcome back. Today, 40 years ago, one of the most consequential moments in international finance unfolded in secrecy at the Fame Plaza Hotel overlooking Central Park in New York City. It was there September 22nd, 1985 when the UK, France, Japan, and West Germany joined forces to formally help the United States devalue the dollar.It was a day of intrigue that began shortly after midnight when the Treasury Department confirmed news reports that the finance ministers and central bank heads of the f ...