In this case, any currency devaluation
would only have limited benefits to its export competitiveness.
As a result, a currency devaluation
does little to increase the volume of their exports but does increase their profits.
Faisal Afridi regarded currency devaluation
as a kind of nationwide sale.
will improve competitiveness of borrowers in relation to imports, but overall it will certainly become harder to service foreign-currency loans, which are mostly unhedged," adds Mr.
Further, the recent currency devaluation
will serve to make supplier imports more expensive, exacerbating shortages of components.
Tokyo stocks opened slightly higher Monday, helped by hopes for a respite in the yen's rise after the Group of 20 nations pledged Saturday to fight rising fears of a possible global currency devaluation
Chavez expropriated the Exito stores in January, alleging the chain speculated on prices and hoarded goods in the wake of a currency devaluation
Unable to hold their own against foreign competition, Latin American carriers have relied increasingly on domestic routes, leaving themselves more vulnerable to currency devaluation
and emerging economy export demand.
Despite the official currency devaluation
, Zimbabwe still suffered a massive shortage of hard currency, making it difficult to get money to buy imports.
I heard a report on the radio recently marking the fifth anniversary of Thailand's currency devaluation
The government shows no sign of wavering from its policy of using currency devaluation
as a tool for improving the trade balance, in spite of the fact that it contributes to erosion of purchasing power at the national level.
Despite Argentina's currency devaluation
and economic crisis, Avon Products is expected to achieve double-digit earnings growth in fiscal 2002.
The currency devaluation
and continued economic stagnation will unfortunately haunt the Argentine people for the foreseeable future.
However, French group Carrefour, the biggest retailer in Brazil, says it is used to dealing with currency devaluation
and plans to invest more than US$50 million in the country this year.