1. What role do transparent communication and collaboration play in sustaining international relations regarding foreign exchange? How do transparent policies and coordinated efforts between nations help to mitigate uncertainties and promote stability in currency markets?
2. In what ways do multilateral agreements and institutions contribute to fostering best practices in foreign exchange relations among nations? How do mechanisms such as the International Monetary Fund (IMF) and World Trade Organization (WTO) facilitate cooperation, regulate currency fluctuations, and resolve disputes to maintain equilibrium in global financial systems?
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