Sentence examples for sudden devaluation from inspiring English sources

In 1994, the peso underwent a sudden devaluation, brought on by ill-conceived election-year policies of the incumbent government.

In 1995, however, a sudden devaluation of the Mexican peso threatened the economies of many Latin American nations.

Until the country joined the euro zone, fears of a sudden devaluation or a freeze on capital movements loomed large.

German banks and companies, in a mirror image of what would happen in Greece, would suffer from the sudden devaluation of euro assets outside the new hard-currency zone.

Mexico's debt with the fund stems from a $40 billion credit package offered by the I.M.F., the United States government and other international lenders in 1995 after a sudden devaluation of the peso sent the economy into a dangerous plunge.

In 2001, Argentina's economy collapsed, prompting a run on the banks, the virtual freezing of personal savings accounts, massive street protests, a series of abrogated Presidential terms, the sudden devaluation of the peso, a default on the country's international debt, and the discrediting of establishment politicians from all major parties.

Other countries that have endured sudden devaluations have often found that long-term gain outweighs short-term pain.

Botched stock exchange interventions and a sudden currency devaluation in August have rattled confidence in the country's leadership, whose legitimacy rests on maintaining an aura of economic infallibility.

Blindsided by a decline in the trust's net asset value after the sudden 1994 devaluation of the Mexican peso, a group of about 100 investors from the San Diego area filed the suit in January 1995, contending, among other things, that the risks of investing in the fund were either misrepresented or not disclosed.

Korean companies were reeling from a sudden currency devaluation after years of easy access to loans and little financial oversight.

In the ongoing battle between the markets and the Chinese central government, the sudden 2percentt devaluation of the yuan represents a colossal loss of face, not to mention a further signal of the economy's underlying weakness.