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Currency devaluation

   Also found in: Legal, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
Currency devaluation
A deliberate downward adjustment in the official exchange rates established, or pegged, by a government against a specified standard, such as another currency or gold.


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The benefits of currency devaluation include temporary increases in manufacturing activity and employment.
The adverse effects of inflation and currency devaluation are significant and mitigate any growth in sales.
Even though some economists agree with the thinking behind Brazil's currency devaluation, they said it comes at a very bad time.
 
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