*EPF507 09/22/00
Text: Treasury Dept. Statement on Euro Intervention
(U.S. joins Japan, European Central Bank in currency action) (170)

The United States joined Japan and the European Central Bank to intervene in global currency markets to buy euros September 22 to support the faltering currency, the U.S. Treasury Department said in a prepared statement.

Following is the text of the Treasury Department statement:

(begin text)

[U.S. Department of the Treasury
Washington, D.C.
September 22, 2000]
FROM THE OFFICE OF PUBLIC AFFAIRS

STATEMENT OF THE UNITED STATES DEPARTMENT OF THE TREASURY

At the initiative of the European Central Bank, the monetary authorities of the United States and Japan joined with the European Central Bank in concerted intervention in exchange markets, because of their shared concern about the potential implications of recent movements in the Euro for the world economy.

(end text)

(Distributed by the Office of International Information Programs, U.S. Department of State. Web site: http://usinfo.state.gov)
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