Plaza Accord
Plaza Accord : In a September 1985 meeting at the Plaza Hotel in New York, G-5 officials ratified an initiative to use exchange rates and other macropolicy adjustments as the preferred and necessary means to bring about an orderly decline in the value of the dollar. The agreement, intended to curb increasing U.S. trade imbalances and protectionist action, supported orderly appreciation of the main non-dollar currences against the dollar. See: Louvre Accord