81.   He said such unfavorable factors only raise the odds that Argentine may be forced to dollarize its economy, devalue its peso or default on its debt.

82.   In Brazil, business leaders have urged Argentina to devalue its peso, currently pegged one-to-one to the dollar.

83.   In July, the Philippines was forced to effectively devalue its peso amid a financial crisis that began in Thailand and spread across Southeast Asia.

84.   In January, the Argentine government devalued the peso, thereby shrinking the savings of many people already struggling with the recession.

85.   It was in the third quarter when the peso was effectively devalued as it fell prey to the currency malaise in Asia.

86.   Last week, financial markets were pressured by persistent rumors the Argentine government was set to devalue the peso.

87.   Local flour millers have been complaining of sluggish sales since government effectively devalued the peso last July, eroding the buying powers of importers and consumers.

88.   Mexico has been on the brink of financial disaster since the government devalued the peso late last year.

89.   One is how to gradually devalue an over-expensive peso blamed for deepening the economic crisis without sparking panic and inflation.

90.   President Eduardo Duhalde, who sharply devalued the peso upon taking power in January, had no immediate comment on the announcement.