currency devaluation meaning
[Finance]
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.
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.
Examples
More: Next- east asian countries : currency devaluation and fall of stock prices
- table vi . east asian countries : currency devaluation and fall of stock prices
- currency devaluation impact
- There are also worries about the effects of currency devaluations abroad.
