They suggest currency realignment to achieve this, but admit that there would be disruptions.

They suggest currency realignment to achieve this, but admit that there would be disruptions.

This mitigates the effect of currency realignment desired by American politicians, which is to reduce American imports from China.

Any currency realignment will involve a disruptive re-valuation and, in the wake of the peso’s extreme collapse in the early 1990s, the Central Bank has focused on maintaining stability.