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Devaluation

The depreciation of the national currency, or in other words, the rate decline in relation to foreign currencies and gold. For example, in Britain in September 1992 raising interest rates in the situation of stagnation in the economy were the reason for the devaluation of the pound. On September 16 the pound lost 2.7% against the Mark and by the evening was traded in New York at 2.703.

News On Devaluation
China forex reserves fall almost USD 100 bn in January

07-02-2016| Source:PTI

The country saw its first-ever annual decline in foreign exchange reserves last year as Beijing tried to prevent a more drastic devaluation. The PBoC is selling dollars to buy yuan amid a capital

RBI governor Rajan says 'not too worried' about value of rupee

02-02-2016| Source:Reuters

Rajan also said on Tuesday that a deliberate weakening of their currencies by other countries - a concern given China's recent moves to devalue the yuan - would not affect the RBI's stance.

7 reasons why markets are taking a beating: George Soros  

22-01-2016| Source:CNBC-TV18

and to competitive currency devaluation.US Fed Action: Speaking of the Fed, he said that the US Federal Reserve acted too late. He said the US is already slowing down, the Fed should reverse that rate hike

China's vice president says no plan to devalue yuan: Report

22-01-2016| Source:Reuters

"The fluctuations in the currency market are a result of market forces, and the Chinese government has no intention and no policy to devalue its currency," Li Yuanchao told Newscha

How China can avoid a 2008-like crisis

20-01-2016| Source:CNBC

deleveraging either through recapitalization, currency devaluation, economic growth, or outright default.

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