What is DEVALUATION? What does DEVALUATION mean? DEVALUATION meaning, definition & explanation
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Currency Wars (Competitive Currency Devaluations) Explained in One Minute
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Difference between Depreciation and Devaluation I A Level and IB Economics
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What is a Devaluation?
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China's Currency Devaluation Explained
In modern monetary policy, a devaluation is 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 or currency basket. In contrast, a depreciation is a decrease in a currency's value due to market forces under a floating exchange rate, not government or central bank policy actions.