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For one thing, they said, the devaluation must be more than 50 percent.
But neither will work without a 25 percent devaluation of the real.
We expect further devaluation to have the same effect in 2009.
It has been said that a devaluation would result in even higher interest rates.
But we feel the case for a significant Chinese devaluation is just not that strong.
But under this system, devaluation would no longer be an option.
As for the Germans, many have no idea what devaluation means.
There were three devaluations last month, the most recent on April 24.
One result may be a devaluation of authentic experience in a relationship.
This was taken by some as a devaluation of the title.
But after the devaluation, the Government had to go back to the drawing board and start over.
After the devaluation of 1982, for example, real wages fell 24 percent.
I know of no scientist who would welcome such a devaluation.
Now, this scene, familiar to many of us, may look like devaluation.
The company has significantly increased production since the 1998 devaluation.
"Devaluation is an idea which should be considered only in a package," he said.
American officials have long feared that such a move would set off devaluations around the world.
The nightmare of 1994 has not ended, especially after the devaluation.
"There was a fear that it would lead to a devaluation of national values in the culture."
"Without a devaluation, you end up in the same place.
He sought over the weekend to make the case that the move was not a devaluation.
The devaluation on the first day of the crisis brought it to just above 25 cents.
"But we're not doing that because we think there is some danger of a devaluation," he said.
But the closer one looks at the case for devaluation, the weaker it seems.
The Government insists that a devaluation of the real will not be considered, and it is easy to understand why.