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.
In devaluing the currency, China changed the way it sets the value of the renminbi each morning, allowing market forces to play a bigger role. The I.M.F. decision also says a lot about the waning influence of Europe: The renminbi is mainly replacing part of the euroâs role in the special drawing rights.