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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
US presses Japan on forex market intervention threat

21-05-2016| Source:PTI

US Treasury Secretary Jacob Lew kept up the pressure on Japan on May 21 not to devalue its currency after repeated threats by Tokyo to intervene in forex markets to tame a resurgent yen

U.S, Japan FX row overshadows G7 meet; leaders eye Brexit threat

21-05-2016| Source:Reuters

The United States issued a fresh warning to Japan against competitive currency devaluation on Saturday, exposing a rift on exchange-rate policy that overshadowed a Group of 7 finance leaders

China cuts yuan fix in biggest move since devaluation

04-05-2016| Source:PTI

China's central bank today fixed the yuan currency nearly 0.60 percent weaker against the US dollar, according to the national foreign exchange market, the biggest downward move since devaluing

Asia will drive the growth of world economy: Standard Chartered  

28-04-2016| Source:CNBC-TV18

Panic around yen devaluation has eased but worries over rising non-performing loans in China may be a pain point, says David Mann, the Standard Chartered's chief economist for Asia.

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