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Devaluation

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  1. a reduction in the value of a currency with respect to other monetary units

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on December 15, 2008
  2. In common modern usage, it specifically implies an official lowering of the value of a country's currency within a fixed exchange rate system, by which the monetary authority formally sets a new fixed rate with respect to a foreign reference currency

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on December 15, 2008
  3. In contrast, (currency) depreciation is most often used for the unofficial decrease in the exchange rate in a floating exchange rate system

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on December 15, 2008
  4. The opposite of devaluation is called revaluation

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on December 15, 2008
  5. Depreciation and devaluation are sometimes used interchangeably, but they always refer to values in terms of other currencies. Inflation, on the other hand, refers to the value of the currency in goods and services (related to its purchasing power)

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on December 15, 2008
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