"We can agree on the Louvre accord," said Ingrid Matthaus-Maier, a member of the German parliament.

The bankers are also expected to examine the remainder of the Louvre accord.

For Tokyo, he said, the so-called Louvre accord of last February, setting ranges for the dollar, was still in effect and required no bolstering.

Their agreement, known as the Louvre accord, is now widely perceived as being rewritten, if not abandoned.

Some critics go further and argue that agreements like the Louvre accord are pointless.

The Louvre accord was not in our best interest.

Brokers attributed the late fall to a rumor that the Louvre accord on currency stability would soon be broken.

That agreement, known as the Louvre accord, has come under growing pressure because none of the countries has lived up to it.

Currency experts said the absence of central bank intervention until now showed that the dollar had clearly pierced levels that had been established under the Louvre accord.

That arrangement, known as the Louvre accord, would assure stable currencies following a yearlong decline of the dollar, the finance ministers said.