Sentence examples for severe currency from inspiring English sources

The East Asian economic slump in the 1990s was not caused by stockmarkets crashing, but by over-borrowing and the severe currency mismatches which caused the local currency value of debt to explode when currencies fell.

Unfortunately, the 1990s ended poorly for Argentina, and the country entered a steep economic crisis, faced a severe currency devaluation and defaulted on its public debts in 2001.

Since then, Argentina has had to overcome severe currency devaluation, a closed economy, and fourteen years of default that ultimately resulted in a $4.65B payment to US hedge funds.

His government, facing severe currency shortages, has restricted cash withdrawals, banned imports of many goods and repeatedly delayed payment of civil servants' salaries, leading to strikes.

Students from the South American nation who are studying abroad have been feeling the brunt a severe currency crisis back home, which has made exchanging the bolivar into foreign currency a complicated, seemingly impossible task.

The economy is moribund as it battles a severe shortage of hard currency – crucial to pay for imports of food and medicine – following the loss of three quarters of oil production due to South Sudan's independence.

Egypt is undergoing a severe liquidity crisis caused by the loss of hard currency from few sources: tourism was a key source of foreign exchange and the main engine of growth.

Its economy is suffering as a result of the fall in oil prices and international sanctions imposed following its invasion of Ukraine – a war that will now force Ukraine to restructure its foreign debt, which the war, severe recession, and currency depreciation have rendered unsustainable.

In the last 25 years, Africa has seen a decrease in the quality and quantity of public health services as result of rapidly expanding population, decrease in purchasing power of African currencies, severe institutional or organizational problems, and increase in HIV infection.

UK performance was similar to the countries in the euro zone hit by even more severe austerity and a currency crisis".

Outside experts, noting a severe devaluation in the currency and other troubling indicators, have said the country's economic problems are severe and worsening quickly.