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The Chinese government pegs the yuan to the dollar, at one of the specified exchange rates on the graph, such that it undervalues its currency. Using the figure 

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25 May 2016 Nigeria naira crisis: MPs to quiz devaluation plan into the foreign exchange market, a move which would allow the naira to devalue. rate at around 200 naira to the US dollar, but the black market rate is closer to 350 naira.