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The zloty was devalued to allow for convertibility.
The dollar should be devalued to encourage exports and slow the financialization of the economy.
Higher education being devalued to such an extent that even Huddersfield got a university!
Business groups had wanted the currency devalued to make exports more competitive.
"In the old days," Ignatius continued, "a flexible drachma could have been devalued to boost exports and economic growth".
Agreed to be devalued to the point where I'm of less consequence than anyone in the world.
Similar(39)
As a euro member, Ireland cannot devalue to restore competitiveness.
One reason is that Britain can still devalue to boost growth; Spain can't.
Ireland, Portugal and Greece have no national currency they can devalue to regain international competitiveness.
Worse still, the single currency means that struggling countries like Greece and Portugal can't devalue to boost exports and create jobs.
The yen's weakness also raises pressure on other Asian countries, particularly South Korea and Taiwan, to devalue to keep their exports competitive.
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