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Devaluation question

To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Devaluation question
From: HARELSDB@xxxxxxx
Date: Thu, 21 Jan 1999 01:46:22 -0500 (EST)

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Brazil recently "devalued" its currency and is allowing it to "float".
There are concerns that China will "devalue" its currency and cause another
round of Asian problems.

How does a country "devalue" its currency?

Thanks,

Dan
Pocatello, ID USA

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