Many investors expect the pound to be devalued sharply before entry.

The peso sharply devalued and the country entered into an economic crisis in December 1994.

Those investments have contributed to the country's rebound from a severe economic crisis in January 1999 when the national currency was sharply devalued.

Chemical lost $70 million in December 1994, after Mexico sharply devalued the peso.

Following Poland's example, Czechoslovakia sharply devalued its currency against the dollar.

The dollar has been sharply devalued, and this has helped to cut the deficit with Western Europe in half.

Many experts believe the cruzeiro will be sharply devalued, which would prompt farmers to sell soybeans to obtain dollars or other hard currency.

The next February, however, the Peso was sharply devalued and continued to plummet for the rest of 1981 and into 1982.

Investors demand short maturities to minimize the risks of the ruble's being sharply devalued, eroding the return on the bonds.

The lira was taken out of the exchange rate mechanism in 1992, when the currency was sharply devalued by a wave of speculation.