Sentence examples for in a devaluation from inspiring English sources

In the 1998 financial crisis, ordinary Russians lost savings in a devaluation of the ruble.

Chase Manhattan also owns Russian Treasury bills, known as GKO's, which would lose value in a devaluation or a debt restructuring designed to give Russia more time to pay.

In a devaluation, a country reduces the exchange rate of its currency against the currency of a major trading partner.

You know, in a devaluation they say, "We've lost 95% of the dollar against the CPI," but if you go devaluation in '71, the devaluation was 8%.

Two problems stand out that will almost certainly result in a devaluation of the national peso.

The Brazilian currency, the real, fell to a record low 2.452 per dollar, down 26% so far this year, on fears that its economy will suffer along with Argentina's in a devaluation.

But in 1993 a devaluation of the Irish punt brought an instant 10 percent reduction in Irish wages measured in German currency.

In fact, a devaluation might hurt the economy.

In February, a devaluation caused it to lose more than a third of its value against the dollar.

Since most of Argentina's public and private debt is in dollars, a devaluation might anyway involve a default.

This was, in effect, a devaluation of the dollar.The authorities then still thought it worth expressing the shift in terms of bullion, rather than against another currency like the Japanese yen or French franc.