"It was therefore timely and appropriate for them to repay their debt to the people in times of difficulty like the present depreciation of currency value, " he added.
12.
We faced tough competition in pricing because of the regional depreciation of currencies but we believe our efforts in increasing productivity and stepping up cost saving programmes have paid off.
13.
Photipong, former chairman of the Thai Chamber of Commerce, said the depreciation of currencies following the July 2 baht float means Thai exports will not gain much from lower pricing.
14.
The dramatic depreciation of currencies in Indonesia, Thailand and other East Asian nations which occurred over the last 17 months, will slow next year, the trade-promotion group said in a report.
15.
One of the contributory factors to the financial crisis was the high exposure of the private sector to short-term loans that were quickly withdrawn following the depreciation of currencies in the region.
16.
Sakakibara said the Group of Seven's warning against large depreciations of currencies, issued Saturday in Hong Kong, sent a strong message concerning the yen's exchange rate against the dollar, according to Jiji Press.
17.
Competition Commissioner Karel Van Miert said he has come under pressure from French lawmakers to allow state aid to French companies whose exports have been hit by the depreciation of currencies in neighboring countries.
18.
Lawmakers in France and Belgium have already called for compensation for their companies, whose exports have been eroded by the depreciation of currencies such as the Italian lira and the U . K . sterling.
19.
"It will be impossible to prevent depreciation of currency, " said economist Preci, who notes the exchange rate of the Albanian lek to the US dollar is growing at a rate of four percent per day.
20.
Asked the same questions at a Press conference earlier, Prime Minister Datuk Seri Dr Mahathir Mohamad said China was quite confident that the depreciation of currencies in the region was not going to make it less competitive.
