So it began to promote its industries through an undervalued currency instead.

Currency devaluation.

Prior to January 1992, Argentina had experienced cycles of steep currency depreciations and high inflation, followed by revaluations of the currency through the introduction of a new currency unit, followed by steep devaluations and high inflation rates, etc.

This includes such factors as home market growth constraints, liberalization and currency appreciation.

Devaluation is not an option because of the common currency.

The standard way to buffer the effects of austerity is to marry domestic cuts to devaluation of the currency.

When a clerk's salary does not even suffice to feed three people with only yoghurt and bread.

They don't say debase the currency. They don't say devalue the currency.

It stimulates production (and hence employment), unlike overvaluation, which stimulates consumption.

Currency undervaluation has become a substitute.

2 The local currency is the New Zealand dollar.

The standard way to buffer the effects of austerity is to marry domestic cuts to devaluation of the currency. Devaluation renders exports more competitive, thus substituting external demand for the domestic demand that is being compressed.

Lebanon also continued to suffer from high inflation, which was accentuated by the depreciation of the local currency throughout most of 1992.

In Yemen, inflation remained high, exacerbated by excessive aggregate demand, depreciation of the local currency and a large budget deficit.

Business confidence has surged, the local currency has appreciated in value against the dollar and international donors have showed willingness to contribute to the reconstruction and economic recovery of Lebanon.

Third, the rate of currency appreciation has edged up.

The proposed allocation takes into account the devaluation of the currency.

The proposed allocation takes into account the devaluation of the currency.

6 The local currency is the New Zealand dollar.

3 The local currency is the United States dollar (US ).

UNICEF then uses the local currency for the country programme.

2 The local monetary unit is the Cayman Islands dollar (CI ).

5 The local currency is the United States dollar.

18 The local currency is the Cayman Island dollar (CI ).

Debates rage over the bilateral trade balance and revaluation of the renminbi, the status of Taiwan and Tibet, human rights violations, and intellectual property theft.

Currency undervaluation à la China will not go unnoticed.

It is also the name of the local currency (abbreviation GTQ).

Currency undervaluation is such a potent instrument for growth for the simple reason that it creates incentives for the economy s growth promoting sectors.

Actual appreciation would lead to actual deflation and further downward pressure on domestic interest rates.

The effect will be much the same as a currency appreciation.

When the value of a currency drops, so does everything valued in it.

5 The local currency of the Territory is the CFP (Communanté financière du Pacifique) franc.

An undervalued currency enables an economy to integrate into the world economy on the basis of strong export performance. It stimulates production (and hence employment), unlike overvaluation, which stimulates consumption.

With respect to the second study, the Board requested that particular consideration be given to the problems encountered in countries like Argentina, in which dramatic changes were suddenly made and maintained in the relationship between the local currency and the United States dollar, after a long period of steep depreciation of the local currency and high inflation rates.

An independent monetary policy requires a flexible exchange rate, not a revaluation.

a The local currency is the St. Helena pound, which is equivalent to the pound sterling.

Because these funds are not issued or controlled by any member country or local government, eurozone members and Chinese local governments cannot relieve their debt problems through devaluation.

Except as provided in paragraph 25 below, the beneficiary is entitled, until the next quarter, to the greater of the local currency amount or the local currency equivalent of the dollar amount, subject to a maximum of 120 per cent of the local currency amount.

On the contrary, they should view the currency peg as a valuable gift.

It was write offs and devaluations, not austerity programs, that allowed bond prices to recover.

Eurozone membership precludes inflation and devaluation as adjustment mechanisms.

Some resist appreciation actively and openly others do so in a less visible manner.

President Miguel de la Madrid resorted to currency devaluations which in turn sparked inflation.

The won has been devalued sharply, making exports more viable.

Large currency devaluations were carried out in Ethiopia, Mauritania, Nigeria and Zambia.