41.   Since taking office, Pastrana has twice had to devalue the peso.

42.   Since the peso was devalued a month ago, the stock index has lost more than one-third of its value in dollar terms.

43.   Some economic analysts faulted Serra for not devaluing the peso further the first time.

44.   That was lost when the peso was devalued last December.

45.   That might not have fazed investors were it not for the unsettling parallel with Mexico, which devalued its peso in December in the face of mounting trade deficits.

46.   The accord had its first major blow just days after it was signed when Mexico devalued its peso.

47.   The best situation for Argentina next year would be a big decline in the dollar, thus devaluing the peso as well and making its exports more competitive.

48.   The business had just begun to take off, she said, when the government devalued the peso.

49.   The bank has been under pressure from export companies and President Ernesto Samper to help devalue the peso, which has gained six percent again the dollar since June.

50.   The government was forced to act when rumors spiraled late last week that the government was about to freeze bank accounts and devalue the peso.