If some countries manage their exchange rates and keep them artificially low, the burden of adjustment falls on some countries that do not manage their exchange rate so actively.

如果某些国家管理它们的汇率、人为压低汇率，那么调整的负担就会落在一些不那么积极管理汇率的国家身上。

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OFFICIALLY it is an "exchange-rate adjustment" to make the country more competitive. But Venezuelans have been here before, and they know what to do.

官方声称“调整汇率”会使委内瑞拉更具竞争力，但委内瑞拉人民过去曾有类似经验，他们知道应该如何应变。

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Third, this also means that the intelligent discussion must be not about exchange rates, but about a mutually supportive global adjustment in spending patterns.

第三，这还意味着交流探讨不要围绕着汇率，而要致力于支出模式上的全球互助性调整。

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And exchange rate adjustment has usually been a key policy tool to ensure this re-allocation.

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More broadly, in the United States, for example, the dollar made artificially expensive by capital inflows related in part to its reserve currency status has prevented the exchange rate adjustment needed to balance our trade in goods and services.

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They recognized that this is important in China that the -- the exchange rate to absorb more of the adjustment.

WHITEHOUSE: Via Telephone