31.   Mexico was forced to devalue the peso last December in the face of a mounting current account deficit.

32.   Mexico was forced to devalue its peso last December in part due to a widening trade deficit.

33.   Most economists and financial analysts here believe that Cavallo will stand by his word and not devalue the peso, despite the growing pressure on the currency.

34.   One year after Mexico abruptly devalued the peso, one thing is clear -- the nation has paid a horrific price economically.

35.   Pressure on the currencies in Hong Kong and Brazil has raised concerns that Argentina might be forced to devalue its peso, which is pegged one-to-one with the dollar.

36.   Samper himself has said the central bank should devalue the peso to help traditional exports.

37.   Several months later Mexico devalued the peso and the market for its stocks and bonds collapsed.

38.   Serra Puche was forced to resign a week after the peso was devalued, and Ortiz took his place.

39.   Several bottlers have had financial difficulties, and their stocks have fallen, since Mexico devalued the peso in December.

40.   Six months after Mexico devalued its peso, a surge in exports and a rebound in the bolsa stock market index have raised the spirits of many investors.