If Greece quits the euro, it will only
devaluate to mechanically increase an already unbearable debt.
It is noted that the exodus from the euro-denominated positions did not cause this currency to lose what it had gained from the deterioration of the dollar, nor did it
devaluate it below the levels desired by the Europeans themselves, in particular the economic and financial institutions.
In such a case, Asian economies should not try to
devaluate their currencies for the sake of their exports, but work together to float the currencies against the U.S.
Morever, the increase will take place only if Indonesia's competitors do not
devaluate their currencies.
The underlying attitudes that
devaluate people with disabilities can be routinely reinforced through proof' that the attitudes and related myths are valid, at least in the minds of those holding the attitudes.
Yet it seems that the wait was not perhaps worth it considering the rupee did immediately
devaluate, leaving the currency market to turmoil.
Last week, the central bank in its second such intervention since December allowed the rupee to
devaluate 4.43 percent due to balance of payments pressure, widening current account and trade deficit and falling foreign exchange reserves.
Qatar is unlikely to
devaluate its riyal on strong foreign reserves, balance sheets, Tuvey said in a separate report Sunday.
At that low price, the CBE can then officially
devaluate the pound to a suitable price for both importers and exporters, without the dollar's price increasing again, according to Hassanein.
* Ongoing external developments associated with decreasing oil prices, the economic crisis and a falling Russian rouble due to the Western sanction regimes could force the Kazakh central bank to further
devaluate the currency in the near future.
The core advantage for Pakistan to
devaluate the exchange rate is the effort to increase the export base.
In September, 2009, Bahmani had announced plans to
devaluate the currency by three decimal places but later said the idea had been shelved for further consideration.
*These figures do not include the costs of higher taxes, price inflation and low interest rates, which additionally
devaluate retirement savings.
About 70 per cent of Austrians are concerned that their bank deposits would
devaluate due to high inflation.
Moreover, the Maastricht Treaty obligated the states willing to join not to
devaluate their currencies in the two years preceding their accession.
