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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 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.

Rally in India isn't related to country's fundamentals: Ambit  

20-04-2016| Source:Moneycontrol.com

As for the global rally, it is more technical in nature than fundamental, and it has had a helping hand from China which has decided to go slow on devaluing its currency, says Pramod Gubbi, Director

G20 communique won't constrain monetary policy: BOJ Kuroda

20-04-2016| Source:Reuters

"The G20 shares the view that its agreement warning against competitive currency devaluation won't constrain monetary policy, including negative interest rates," Kuroda told parliament.

Avoid protectionism, competitive devaluation: Jaitley to G20

15-04-2016| Source:PTI

devaluations of currencyas greater focus must be on public investment.

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