People wait in line outside a currency exchange office in Almaty, Kazakhstan, August 20, 2015. REUTERS/Pavel Mikheyev
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Vietnam also devalued the dong, while freely traded currencies such the South African rand and Turkey's lira extended losses.The forwards, contracts used by traders to bet on or hedge against future price moves, fell to the weakest since 2003, implying about a 1 percent decline in the riyal over the next 12 months.Turkmenistan's manat This oil-exporting nation with close economic ties to Russia devalued its currency by 19 percent in January. Armenia's dramThe dram has lost 15 percent in the past 12 months, compared with a 46 percent drop in the ruble.Traders are betting the pound will weaken about 22 percent in a year, according to 12-month non-deliverable forwards.Malaysia's ringgitThe currency slid to a 17-year low Thursday and foreign-exchange reserves fell below the $100 billion mark for the first time since 2010 .
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