In addition, from the appreciation of RMB may become a devaluation of the exchange gain of airlines in 2009 will be the exchange rate losses.

此外，从人民币升值可能成为2009年航空公司的汇兑收益将是贬值的汇率损失。

youdao

For many banks this could be as bad as Plan C (an Argentine-style simultaneous default and devaluation), because losses on bond holdings might imperil their own solvency and further cut them off from market funding.

ECONOMIST: European banks