All successful adjustments in Latin America involved huge initial devaluations and immediate reductions in real wages, thus cutting unit labour costs.

ECONOMIST: Free exchange: Latin lessons | The

An executive at Ericsson's India unit didn't offer an immediate comment.

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Argentines use the dollar as their unit of account for all but the most immediate purposes.

ECONOMIST: Keeping the reform alive | The

He went on to say "the immediate safety issues have gone" and said he would be "keeping the unit under review".

BBC: Leeds General Infirmary