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Monetary instability presents property valuers with particular problems. My view of the current situation is that of a practising valuer, but one who, since 1973, has also participated with other members of the profession in work to identify these problems, and to draft and publish valuation standards and guidance notes for valuers throughout the UK. No less important is the continuing work of keeping these standards under review and, where necessary, of updating them, together with the appropriate guidance notes to the profession.

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