But if I say it a million times, I devaluate the sensitiveness of it, and then it sounds real.
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"Though in the short-term a trade war between U.S. and China may impact global trade including India, in the long-term, India is likely to benefit as China will be forced to devaluate its currency to remain a dominant player in the world market," wrote RK Gupta, managing director at Taurus Asset Management.
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He begins taking them to Springfield's finest establishments. Smithers assembles a team to create Burns Coin. The team develops a formula to devaluate Frinkcoin. However, the calculations would take thousands of years.
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Edward, Sebastian. IS TANZANIA A SUCCESS STORY? A LONG TERM ANALYSIS. University of California, Los Angeles & National Bureau of Economic Research, P. 22-23 However, Tanzania refused to devaluate its currency and requested the IMF to leave the country in November 1979.
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During those hard times the main goal of the Bank of Finland was to maintain stable currency rate. Kullberg tied the currency rate of Finland's markka to ECU currency in 1991 in order to gain more stability. But finally Finland was forced to devaluate and eventually let its currency float in 1992. This was a serious setback to Kullberg and he wanted to resign from his post.
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Ruiz's government decided to reduce public spending, to consolidate public finances and fight inflation. This policy allowed Mexico's economy to grow at an enormous rate since for the first time in many years the Mexican government generated a budget surplus. Unfortunately in 1953, private investment went down and Ruiz Cortines lost popularity. He reoriented his policy towards boosting production. In April 1954, in the so-called ‘crisis de la Semana Santa’, he had to devaluate the peso from $8.65 per dollar to $12.50 per dollar.
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In June 1934, Reynaud defended in the Chamber of Deputies the need to devaluate the French franc, whose belonging to the gold standard was increasingly harmful for the French economy, but in those years the French public opinion was opposed to any devaluation SAUVY, ALFRED, Histoire Économique de la France entre les deux guerres (3 volumes), Paris, Fayard, 1984, Vol.I, p.143 He was not given another cabinet position until 1938. Like Winston Churchill, Reynaud was a maverick in his party and often alone in his calls for rearmament and resistance to German aggrandizement.
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Duties are divided up fairly between everyone and no one individual's job is deemed more important than another's. However, dominator societies tend to devaluate jobs performed by women, especially those that involve a significant level of feminine values such as care and compassion. Eisler proposes that originally, our mainstream culture centered around the partnership model but that following a period of chaos and cultural disruption there occurred a fundamental shift towards the dominator model. The greater availability of archaeological data on ancient civilizations make it possible to document this shift in more detail through the analysis of prehistoric cultural evolution.
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Relative to other international producers, the cost of producing coffee is spurred on by the use of the US dollar as the national currency and a poor state of road infrastructure. However, projects such as the Dili to Baucau Highway project in alliance with ADB, and various other projects aim to improve the state of infrastructure. Another factor is the relatively high labour costs in Timor Leste, as compared to nations such as Indonesia and other SE Asian countries. Through the use of US dollars, the government is unable to devaluate currency and make exports more competitive globally.
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Salinas faced widespread criticism in Mexico. He was widely blamed for the collapse of the economy and his privatization of several government-run businesses such as Telmex. With respect to the collapse of the economy, he rapidly responded by blaming Zedillo's "inept" handling of the situation, coining the term "December mistake" to refer to the crisis and Zedillo's mistakes. He then argued that he had talked to Zedillo of a possibility of "sharing the burden" of the devaluation by allowing the peso to devaluate a certain percent before his term was over, and the rest of the necessary devaluation would have been done during Zedillo's administration.
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During his third cabinet Ruijs de Beerenbrouck had to deal with the worldwide Great Depression of 1929 and the early 1930s, which had crippling effects on the Dutch economy, effects which lasted longer than they did in most European countries. The depression lead to large unemployment and poverty, as well as increasing social unrest. Ruijs de Beerenbrouck was forced to cut down government expenses and to devaluate the national currency, the Guilder, but these measures only worsened the effects of the economic crisis. In February 1933 the third cabinet Ruijs de Beerenbrouck ordered the bombing of the navy cruiser De Zeven Provinciën, when sailors aboard the cruiser, cruising near Sumatra, mutinied because of the cutting of their wages.
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Immigrants to Japan may have included privileged classes, such as experienced officials and excellent technicians who were hired in the Japanese court, and were included in the official rank system which had been introduced by the immigrants themselves. It is conceivable – but unknown – that other legal institutions were also introduced, although partially rather than systematically, and this was probably the first transplantation of foreign law to Japan.However, Japanese legal and general historians have not overtly affirmed or denied this for two reasons: first, because there are no written records left and, second, because Japanese official history tended to devaluate, or even deny, and Korean influence, cited in Masaji Chiba, Japan Poh-Ling Tan, (ed), Asian Legal Systems, Butterworths, London, 1997 at 90. During these periods, Japanese law was unwritten and immature, and thus was far from comprising any official legal system.
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Catton, p. 31. Over time, the economists in the Eisenhower administration became frustrated with Diem's refusal to devaluate the piaster once the Republic of Vietnam had become a stable nation. Diem refused to make the CIP exchange rate equivalent to the free market exchange rate for the two currencies. Although the fixed exchange rate meant that Americans were heavily funding the South Vietnamese economy and that the importing firms could obtain more goods for their money, the rate also meant that South Vietnam goods would not be economically competitive on the export market. Diem was reluctant to cut the currency rate, which was fixed at 35 piasters to the US dollar, arguing that it would diminish the value of US aid to South Vietnam and undermine the urban middle class support for his regime as they would resent the loss of their cheap consumer and luxury goods.
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View of the harbour of Valparaíso (1908–1919). Until the opening of the Panama Canal Valparaíso was one of the principal ports of the Pacific. Starting in 1878, the Chilean state increased the issuing of new banknotes (fiat currency) causing the Chilean peso to devaluate. When the War of the Pacific began in 1879 the government issued more fiat currency in order to afford the costly war, and continued to do so in 1880 and 1881. In 1881 the country prepared for a return to the gold standard and to gradually eliminate fiat currency. However, during the Chilean Civil War in 1891 the government of José Manuel Balmaceda issued more fiat money to finance this new war. By 1891 a dispute begun between those who supported a return to gold convertibility of money ("oreros") and those who opposed convertibility ("papeleros"). In 1892 the "oreros" succeeded in having the convertibility of currency approved by law and in December 1895 non-convertible legal tender was pulled out of circulation. In 1898 the convertible regime collapsed once again in the face of severe economic instability (crop failure, war scare) and was abolished.
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