currency crisis
Situation in which grave doubt exists as to whether a central bank has enough forex reserves to maintain an exchange rate, often with a speculative attack in forex markets
en-GB/ˈkʌɹənsɪ ˈkɹaɪsɪs/
en-US/ˈkɝɹənsi ˈkɹaɪsəs/
Situation in which grave doubt exists as to whether a central bank has enough forex reserves to maintain an exchange rate, often with a speculative attack in forex markets