A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc Devaluation can cause adverse effect on economy - IMF | | The International Monetary Fund IMF yesterday said that Exchange-rate devaluation which countries normally use during financial crisis could cause adverse effect on countries economy. In its World Economic Outlook released in Lima, Peru It said "Exchange-rate depreciation has generally been a useful buffer for countries experiencing growth slowdowns - and has already been substantial - but could cause adverse balance-sheet effects where there is foreign-currency borrowing". The post Devaluation can cause adverse effect on economy – IMF appeared first on Vanguard News. |
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