Those holdings suffered staggering losses after the sudden devaluation of the peso on Dec. 20 and its subsequent further fall.

This policy eventually became unsustainable, leading to a catastrophic sudden devaluation in September 1980.

Today, in contrast, Mexico's central bank boasts an $18 billion dollar reserve as a buffer against a sudden devaluation.

Pursing flexible exchange rates, for example, to avoid sudden, frightening devaluations.

Following this motion, there was a sudden devaluation of the currency, and the Rufiya rate was changed.

Rejection of the pact could lead to a sudden devaluation of the peso.

Over the last year, the highest-yielding currencies have been the most vulnerable to sudden devaluation.

I think you're forgetting' - he paused, searching for the right word - 'Christian's sudden devaluation.

To prevent a sudden devaluation, the Brazilian Government has had to raise interest rates to more than 50 percent, choking off credit for most companies.

I would hope that Britain will not be allowed to engage in sudden devaluations of the pound sterling.