There was no urgent need for the herculean devaluation of naira to appease IMF in the 80s because the country did not have arrays of products to export in order to enjoy the advantage of lesser strong currency from competitive global market. Nigeria …
"The moves threaten to spark a new round in what Brazil Finance Minister Guido Mantega in 2010 called a 'currency war,' barely two months after the Group of 20 nations pledged to 'refrain from competitive devaluation'." “Race to Bottom Resumes as …
This should assist with the consumption of PE and polyethylene terephthalate, but beyond this, our expectation for hryvnia devaluation poses major risks to this dynamic. – The automotive industry remains in the doldrums, dragging down the consumption …
"The moves threaten to spark a new round in what Brazil Finance Minister Guido Mantega in 2010 called a 'currency war,' barely two months after the Group of 20 nations pledged to 'refrain from competitive devaluation'." “Race to Bottom Resumes as …
We continue to regard factors such as local currency devaluation, state dominance in pharmaceutical manufacturing and regulatory bias against foreign producers as being instrumental in shaping the development of the country's pharmaceutical market …
The guidance from the FDA was based on new data from a competitive product that we believe is wholly different than our compound where extrapolations are questionable and also from recent selected natural history data that it's consistent with the …
Currency war, also known as competitive devaluation, is a condition in international affairs where countries compete against each other to achieve a relatively low exchange rate for their own currency. As the price to buy a particular currency falls so …
As I mentioned last quarter, in our conference call, the market continues to be bearish towards the real, and there is an expectation of a potential devaluation of additional 15% over the next 12 months. Now turning to the balance … We particularly …
This week, the decision by the Central Bank to adjust the exchange rate to the devalued rate of 4.55 SSP/1USD (and more general move towards crawling-peg regime) is perhaps the most significant leap that our country has taken this year towards sound …