Currency revaluation

Currency revaluation

A deliberate upward adjustment in the official exchange rate established, or pegged, by government against a specified standard, such as another currency or gold.

Currency Revaluation

The active decision of a government to increase or decrease the value of its own currency in relation to other currencies. Revaluation occurs exclusively in fixed currencies, when the currency in question is pegged to another currency. A government generally revalues its own currency when it wishes to make adjustments to its peg to another currency. If the revaluation is a devaluation, it makes the country's exports less expensive in foreign markets.
References in periodicals archive ?
The Treasury primarily attributed the month-on-month rise in combined local and external debt to 'domestic securities issuance for the month which more than offset the effect of currency revaluation on foreign currency debt.
However, as revaluation of the portfolios currency position recorded positive results, the Fiscal Reserves loss from currency revaluation was reduced to nearly MOP0.
According to the respondents, three main triggers drove this shift to foreign currency: a currency revaluation implemented in July 1992, the July 1 Economic Management Improvement Measure of 2002, and a flash currency reform measure in November 2009.
Analysts say that decline of the ROE and ROA is connected with deepening negative balance of currency revaluation that grew
Bank Technique experienced the material foreign currency revaluation loss of around AZN25 million in February, which hit the bank's Tier 1 and total regulatory capital ratios, falling to 5.
1 million and income tax adjustments of $600,000, and were hurt by foreign currency revaluation losses of $1.
As a matter of fact, some recent calculations have shown that almost 40 percent of growth in the last decade came from currency revaluation, a process that triggered an excessive rise in the current account deficit (CAD).
All company's financial results were negatively affected by currency revaluation.
In 1993, when Under Secretary of the Treasury Larry Summers demanded currency revaluation on behalf of President Clinton, Beijing, far from bowing, devalued the yuan not six months later, and by a massive 60%.
German current-account surpluses, driven primarily by positive trade balances, appeared briefly in the 1950s, were corrected after a currency revaluation in 1961, and then re-emerged in surges in the late 1960s, the late 1970s, the late 1980s, and again in the 2000s.
For instance, a Currency Revaluation Wizard takes users through all the steps of a currency revaluation and culminates in automated entries to book both the unrealized gain/loss and the subsequent reversing journal.
Pak Nam-Ki, former head of the ruling party s planning and finance department, was reportedly executed in March last year to take the blame for a bungled currency revaluation in 2009.