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Currency devaluation |
Also found in: Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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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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? Mentioned in | ? References in periodicals archive | |
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Unable to hold their own against foreign competition, Latin American carriers have relied increasingly on domestic routes, leaving themselves more vulnerable to currency devaluation and recession. Technically, it's very overbought, but if one looks at the fundamentals of a continued declining dollar, I believe inflationary pressure is going to force European and Chinese consumers into buying gold as way to protect against continued currency devaluation. I heard a report on the radio recently marking the fifth anniversary of Thailand's currency devaluation. |
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Currency devaluation
