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Currency Revaluation |
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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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