currency devaluation - updates

Rappler's latest stories on currency devaluation

ARTICLE FINDER

Asia-Pacific finance ministers vow to shun competitive devaluation

Sep 12, 2015 - 9:57 AM

We will refrain from competitive devaluation and resist all forms of protectionism say APEC finance ministers in a statement

UNVEILED. APEC finance ministers unveil a marker to commemorate the Cebu Action Plan. The work of Toym Imao, the marker is a 4-meter tall sculpture of pounded brass on 4 black granite pedestals representing the plan's pillars. Photo from the Department of Finance

China cuts yuan rate more than 1% against dollar

Aug 13, 2015 - 2:27 PM

The central bank puts the yuan s central parity rate at 6 4010 yuan for 1 0 the China Foreign Exchange Trade System says a drop of 1 11 from the previous day s 6 3306

DEVALUED. A teller counts yuan banknotes in a bank in Lianyungang, east China's Jiangsu province on August 11, 2015. AFP photo

China further devalues yuan

Aug 12, 2015 - 10:03 AM

China cuts the value of the yuan against the dollar by 1 62 the second reduction in two days

FURTHER DEVALUED. This file picture taken on September 24, 2013 shows Chinese 100-yuan (RMB) bank notes being counted at a bank in Huaibei, in eastern China's Anhui province. AFP file photo

China's yuan devaluation rattles forex market

Aug 12, 2015 - 7:50 AM

China s central bank devalues its yuan currency by nearly 2 against the US dollar as authorities say they are seeking to push market reforms in a one time move

DEVALUED. A teller counts yuan banknotes in a bank in Lianyungang, east China's Jiangsu province on August 11, 2015. AFP photo

Venezuela devalues currency 32% against US dollar

Feb 09, 2013 - 9:44 AM

This will cause the bolivar to hit 6 3 to the dollar at the official exchange rate