Who forced Muldoon to devalue the New Zealand dollar?
Bill Rowling
The incoming Government
The Central Bank
Keith Holyoake
Answer
The incoming government forced Muldoon to devalue the New Zealand dollar because it was in a difficult economic situation and needed to take action to improve the country's economic performance. The devaluation was intended to make New Zealand exports more competitive and to attract foreign investment.
Master Muldoon: Exploring the Legacy of New Zealand's Longest Serving Prime Minister
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