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On the other hand, if a serious devaluation is the government's goal, it's going about it in a strangely bumpy and haphazard way.
This does not, however, mean they are not lying in waiting; indeed, almost everyone who thinks the pound should join the euro also seems to think that it can only sensibly do so after a serious devaluation.
A serious devaluation, as opposed to the baby steps taken so far, would re-set the terms of global trade, probably with grim consequences in the rest of Asia.
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Devaluation I think is a serious issue.
After its default and devaluation in December 2001/January 2002, the country suffered a serious financial collapse.
In Argentina, however, devaluation which means abandoning "convertibility"—is not seen as a serious option.
Make a serious effort?
A serious referee officiates.
A serious doubt now.
Scotch, a serious problem.
"It is a serious, serious business".
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