After those reserves were gone, they feared, the currency would again devalue.

This currency devalued rapidly, as did the Gold Yuan which replaced it.

During such a crisis, currency may be in short supply, or highly devalued through hyperinflation.

Venezuela's currency, the bolivar, has devalued 10 percent in the last five days, despite efforts from the Central Reserve Bank to prop it up.

Some alternative currencies devalue rapidly (they are called Schwundgeld); this increases monetary circulation.

Many East Asian currencies devalued following the crisis.

Furthermore, the fixed exchange rate regime was abandoned and the Turkish currency devalued against foreign currencies.

The markets have said so, which is why our currency has devalued by 30%, and soon the voters, too, will get their chance to say so.

Our currency had devalued about 15 percent.

But this time spending is also being cut, utility rates raised and the currency devalued.