devalued currency

What Does It Mean To Devalue Currency?

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What Does It Mean To Devalue Currency? What does it mean to devalue currency? Devaluation is the deliberate downward adjustment of a country’s currency value. The government issuing the currency decides to devalue a currency. Devaluing a currency reduces the cost of a country’s exports and can help shrink trade deficits. Why would a country

What Does Devaluation Of A Currency Mean?

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What Does Devaluation Of A Currency Mean? What does devaluation of a currency mean? Devaluation is the deliberate downward adjustment of the value of a country’s money relative to another currency, group of currencies, or currency standard. Countries that have a fixed exchange rate or semi-fixed exchange rate use this monetary policy tool. Why would