AI overview
A devaluation is when a country's government officially lowers the value of its currency compared to other currencies in a fixed exchange-rate system. This matters because it affects how much foreign goods cost to buy and how competitive a country's exports are in global markets.
AI-generated from the Wikipedia summary — may contain errors.
Wikidata facts
- Subclass of
- public policy
Show 2 more facts
- opposite of
- revaluation
- different from
- debasement
via Wikidata · CC0