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The Currency War of 2009–2011 was an episode of competitive devaluation which became prominent in the financial press in September 2010. It involved states competing with each other in order to achieve a relatively low valuation for their own currency, so as to assist their domestic industry.
A devaluation could also result in an outflow of capital and economic instability. [2] In addition, a domestic devaluation merely shifts the economic problem to the country's major trading partners, which may take counter-measures to offset the impact on their economy arising out of a loss of trade income arising from the initial devaluation.
Montreal's economy is the second largest of all cities in Canada [1] and the first in Quebec. [2] Montreal is a centre of commerce, industry, technology, culture, finance, and world affairs. In 2022, Metropolitan Montreal was responsible for $233 Billion CDN of Quebec's $425 Billion CDN GDP , [ 3 ] with a population of 4.37 million people. [ 4 ]
Internal devaluation was first considered during the Sweden financial crisis 1990-1994 and after Finland's accession to the European Union in 1995. [2] Internal devaluation gained popularity during the economic recession of 2008–2010 when several countries pursued such policies with aim to restore competitiveness and to balance national budgets.
Revaluation is a change in a price of a good or product, or especially of a currency, in which case it is specifically an official rise of the value of the currency in relation to a foreign currency in a fixed exchange rate system.
The 1967 sterling devaluation (or 1967 sterling crisis) was a devaluation of sterling from $2.80 to $2.40 per pound on 18 November 1967. It ended a long sterling crisis that had started in 1964 with the election of Labour in the 1964 general election, [1] but originated in the balance of payments crises of the preceding Conservative government.
In a post on his Truth Social site on Wednesday, Trump said the FBI should investigate Cheney for her role in the Jan.6 investigation. "Liz Cheney could be in a lot of trouble."
It is the main organisational body of the City of Montreal. It establishes the political lines of the city's government and approves regulations of municipal application. The main decisions in areas like public security, intergovernmental relations, urban regeneration, environment and urban planning should be approved by the council.