Sentence examples for major devaluation from inspiring English sources

That gamble shook markets, forcing a major devaluation of the pound.

These are deep waters, because our sensationally bad balance of payments position suggests that a major devaluation of the pound is needed anyway.

The value of the kina increased greatly following independence, but the secession crisis in Bougainville in 1989 and poor fiscal control resulted in major devaluation through the 1990s.

US treasury secretary Jack Lew, in an interview with the Wall Street Journal on Thursday, said China had to make it clear that there was no "major devaluation" in the pipeline.

Though most economists say they believe the government can squeak by and avoid another crippling default on its debts, sidestepping a major devaluation of the currency, the peso, will be a more delicate dance.

With the government struggling to meet payments on its $132 billion debt, Economy Minister Domingo Cavallo and other senior officials recently said they would prefer dollarization to a major devaluation in the event of a total financial collapse.

"The developing countries should not have to see painfully accumulated hard-currency reserves fall under the shadow of major devaluations".

When officials said a major currency devaluation announced this month had been approved by Mr. Chávez directly, they showed a signed document to prove it.

A bond default could trigger another major currency devaluation, higher inflation and economic stagnation, Kanenguiser said.

"And the grand macro-economic elephant in the room is what happens if China is forced into a major one-off devaluation in retaliation.

A major impetus for further devaluation of the pound is policy intervention from the Bank of England (BOE), which looks set to cut rate in hopes of limiting the economic fallout from the Brexit.