The central bank said it was devaluing the currency by 4 percent against the dollar, bringing the rate to 48.08 crowns from 46.16.

A10 Mexico will devalue the peso by 22 percent against the dollar in the official exchange rate, its central bank announced.

In addition, Israel devalued the shekel by nearly 8 percent today.

Colombia devalued the peso on Monday by about 10 percent.

It devalued the dinar by 30 percent and cut off local banks from any of the remaining hard currency.

Earlier this year, for example, the Government devalued its currency, the yuan, by 33 percent overnight.

In a long expected move, China said tonight that it would devalue its currency by 21.2 percent against the dollar, effective Saturday.

Mexico devalued its currency by 18 percent on Monday.

Inflation has devalued money in people's pockets by 50 percent since October, Government statistics show.

China will devalue its currency by 21.2 percent against the dollar, effective today.