91.   If China devalued its currency and the international situation got out of hand, the odds would worsen.

92.   If Thailand deliberately devalues its currency, speculators will regard this as a clincher and quickly conclude that Thailand is Mexico.

93.   If the Brazilian government devalued its currency, the real would be worth less and therefore could buy fewer imports.

94.   In addition, domestic demand in the economy is weaker than it was in Mexico before that country devalued its currency.

95.   In December, Jiang announced that China would not devalue its currency, even though the Asian financial crisis has cut into Chinese exports and investment.

96.   In both countries, exporters are putting pressure on the governments to devalue their currencies to more internationally competitive levels.

97.   In addition, there are fears that many developing countries will have no choice but to devalue their currencies.

98.   In addition to devaluing its currency, Thailand is trying orchestrating a bailout of troubled finance companies.

99.   In July, Thailand was forced to devalue its currency, the baht, which has now lost half its value against the U.S. dollar.

100.   In previous months, China had repeatedly pledged to the international community that it would not devalue its currency to support its exports.