Meanings of devalue the currency in English

Shortly after Zedillo takes over from Salinas, Mexico has to devalue the currency.

We can't devalue the currency, because it's the euro.

They used to devalue the currency but they can't do that now, so they devalue labour instead.

At the same time, Argentine policymakers also refused to devalue the currency, which was pegged to the dollar.

Egypt has accelerated a crackdown against black market traders it blames for growing pressure to devalue the currency.

In 2006 it harvested 60,000kg · President Mugabe has refused to devalue the currency.

Some Hong Kong businessmen openly urged the Monetary Authority to devalue the currency, to make their costs competitive again.

In a move that could have uncertain consequences, the government said on Sunday it would devalue the currency by almost 30 per cent.

Mr Peters said it was a tragedy for exporting regions like Northland, Gisborne and Westland that the Government refused to devalue the currency.

The IMF had described its work in Malawi as off-track under Mutharika, who refused to devalue the currency as the fund had advised.

The Argentine Congress last night adopted emergency legislation ending the peso's parity with the dollar and allowing the government to devalue the currency.

Chinese stocks fell 6 per cent on Tuesday as the yuan weakened against the dollar, raising fears that Beijing may further devalue the currency.

Yet Mutharika stubbornly refused to devalue the currency for fear it would trigger runaway inflation, as was happening in nearby Zimbabwe under President Robert Mugabe.

In response, the government has printed more money, devaluing the currency further.

Last month, Beijing devalued the currency to support exports and boost growth, currently at 7 percent.

The reforms included devaluing the currency by about half, cutting energy subsidies and introducing a value-added tax.