The world's emerging economies are allowing their currencies to slide in a quest to remain competitive, following China's devaluation of the yuan and the dollar's strength in anticipation of United States rate hikes.
2015 Economic Crisis
Agence France-Presse: Emerging economies let currencies slide to stay competitive
People wait in line next to a board listing foreign currency rates in comparison with the Russian ruble, outside an exchange office in Moscow on August 3, 2015.
