Currency devaluation


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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.

Devaluation

The active decision of a government to reduce the value of its own currency vis a vis other currencies. Devaluation occurs exclusively in fixed currencies, when the currency in question is pegged to another currency. Governments devalue their own currencies to make their exports less expensive in foreign markets. If a company exports its products for the same price in the local (devalued) currency, it is cheaper for consumers to buy those products in their own currency. See also: Depreciation.
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Currency devaluation, whether in the form of quantitative easing or negative interest rates, greatly appeals to those whose performance is judged by short-term benchmarks rather than long-term goals.
Is currency devaluation overrated?
For this reason, people often treat currency devaluation as a win for the devaluing country and a loss for the country whose currency gets more valuable.
PCJCCI for devaluing currency to control diminishing exports
It is clear from (5) that currency devaluation will definitely raise domestic output if the interest-sensitive effect on aggregate supply is ignored (i.
Currency devaluation and aggregate supply
The results are clear: to slow down economic growth, call for a currency devaluation.
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While some people see the case of Poland as vindication of "shock therapy", good and reasonable people also believe that sudden currency devaluation can have catastrophic effects.
S.Sudan economic "shock therapy"
He added, 'There is no chance someone in the future pushes a currency devaluation.
Philippine central bank rules out devaluation of the peso
CITIZENS REACT "The currency devaluation will certainly affect our business, not only here but in the neighbouring countries as well", said Ahmed Ali, a cement dealer in Juba.
Inflation fears as S. Sudan devaluates currency by over 30%
President Hugo Chavez announced a currency devaluation for the first time since 2005, reports AP (Jan.
Currency devaluation

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