In the financial crises of the 1990s, countries lost international reserves trying to maintain the parity of their currencies.

Name: In the financial crises of the 1990s, countries lost international reserves trying to maintain the parity of their currencies.
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Many countries in the 1990s tried to maintain the parity of their currencies by using their international reserves. However, this led to depletion of their reserves, and eventually devaluation of their currencies.

In the Financial Crises of the 1990s, Countries Lost International