Sentence examples for steep devaluation from inspiring English sources

Greece would also have to contend with a steep devaluation in the reintroduced drachma.

Inflation and a steep devaluation of the Belarussian ruble have led to a spiral of protests and police crackdowns.

Exports rose after a steep devaluation of the Argentine peso in 2002 made the country's beef more competitive globally.

This led to a steep devaluation of the Belarussian ruble; people then began hoarding food staples and lining up to convert their assets into hard currency.

Beginning in 2007 Citigroup suffered billions of dollars in losses during the subprime mortgage crisis (a severe contraction of liquidity in credit markets worldwide brought about by the steep devaluation of mortgage-backed securities).

In 2008 Citigroup suffered billions of dollars in losses during the subprime mortgage crisis, a severe contraction of liquidity in credit markets worldwide brought about by the steep devaluation of mortgage-backed securities.

Heineken, the Dutch brewer, also suffered from the steep devaluations in emerging market currencies.

The whole purpose of the proposed loan package is to preserve the present value of the Brazilian currency -- the real -- to avoid the steep devaluations that have been so ruinous in Asia.

HONG KONG — China's currency stabilized on Friday, ending a three-day plunge that shook markets globally during the renminbi's steepest devaluation in decades.

Talks with banking industry representatives in Brussels were also continuing about a steeper devaluation of Greek debt, perhaps as much as 60 percent, to a level the country has a chance of repaying.

A steeper devaluation of the peso vis-a-vis the U.S. dollar, even more aggressive belt-tightening, and whatever combination of orthodox economic policies seem to be the only solution to this current bout of stagflation, according to them.