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The country's currency lost 37% of its value last year.
What if the local currency lost value rapidly?
The Syrian currency lost a quarter of its value on June 17th.
Its currency lost 13% of its value in 2014 due to falling prices.
On December 15th its currency lost 10% of its value, having already lost about 40% this year.
In its aftermath, crime-filled slums sprang up and the country's currency lost two-thirds of its value.
Similar(36)
If the local currency loses value, payments rise accordingly.
Nations which lose confidence in their currency lose confidence in themselves".
WHEN a country's currency loses nearly a quarter of its value, its exports normally pick up.
For every yen the currency loses in value against the dollar, Toyota estimates, its operating profit rises 35 billion yen.
When a developing country's currency loses value rapidly, it impedes the ability to pay back loans from Western banks.
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