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The trio has managed to defer huge amounts of taxes through clever use of the rules governing depreciations.
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These currencies have now far overshot the depreciations expected after Thailand, the first to fall, abandoned the baht's peg against the dollar on July 2nd.
ECONOMIST: Asian currencies
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In every country it operated in, its dollar returns were reduced by local currency depreciations, reflecting the economic chaos in much of Latin America during that decade.
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