1. Monetary policy must remain flexible while exchange rate coordination would avoid competitive devaluations.
2. I had suggested then that buying gold would be the best option for Chinese to hedge against inflation and future currency devaluations.
3. The new springs were selected after six years of input from local citizens, field investigation an devaluations.
4. devaluations
4. Sterling and the Italian lira were ejected from the ERM in September 1992 and a series of devaluations from Spain to Ireland followed.
5. Only the competitive devaluations around the world stops the pound collapsing completely and disguises its fall.