Sentence examples for drastic depreciation from inspiring English sources
He believes China will eventually have to accept a drastic depreciation in the renminbi, of perhaps 25%, in order to regain competitiveness and prevent a crash.
The oil price was also relatively stable during the drastic depreciation of the ringgit in 1997 1998 when Malaysia suffered from the Asian financial crisis.
Drastic currency depreciation associated with Mexico's financial crises, which persisted in spite of policies adopted in response, magnified the direct effects of labour markets on declines in purchasing power and economic polarization within Mexican society [ 80- 83].
"The continued and drastic U.S. dollar depreciation recently has led countries including Japan, South Korea and Thailand to intervene in the currency market, intensifying a 'currency war,' " the Commerce Ministry said in a report posted on its Web site.
They concluded that a reversal of the current account position, a development they said was inevitable within the next 5 to 10 years, would entail a drastic change in the relative value of the dollar, forcing a depreciation of as much as 45percentt if the turn-about was abrupt or 12percentt if the turn-about proved more orderly.
equipment depreciation cost; iv.
Depreciation cancels out income.
