French Marijuana Laws. Historically, punishment for marijuana possession in France has been harsh, with a zero tolerance policy against use, possession and trafficking. Since 1994, the laws have been under scrutiny, both because of mounting public pressure to reform and financial pressure on the country.
devaluation - an official lowering of a nation's currency; a decrease in the value of a country's currency relative to that of foreign countries. regulating, regulation - the act of controlling or directing according to rule; fiscal regulations are in the hands of politicians.
Chinaâs authorities have taken a shock decision to let the yuan-also known as the renminbi-devalue by over 2pc against the US dollar as they try to fend off slowing growth. The resulting fall on Tuesday was the biggest one-day drop in the currencyâs value since January 1994.A further devaluation on Wednesday pushed the yuan down further. The move has reverberated around the world, with the FTSE 100 closing down 1.1pc, driven by a drop in miners.he PBoC has lowered interest rates four times since November to support the Chinese economy, which is expected to grow at around 7pc this year-the slowest expansion since 1990. But with the yuan devaluation, it looks like China has reached for stronger measures to support its GDP.