Devaluation - Wikipedia A monetary authority (e g , a central bank) maintains a fixed value of its currency by being ready to buy or sell foreign currency with the domestic currency at a stated rate; a devaluation is an indication that the monetary authority will buy and sell foreign currency at a lower rate
devalue verb - Definition, pictures, pronunciation and usage notes . . . Definition of devalue verb from the Oxford Advanced Learner's Dictionary [intransitive, transitive] (finance) (of money) to reduce in value when it is exchanged for the money of another country; to reduce the value of money in this way The local currency was rapidly devaluing
Understanding Currency Devaluation: Effects on Trade and Economy Devaluation is a deliberate reduction of a country's currency value to make exports cheaper and imports more expensive While currency devaluation can correct trade imbalances and attract foreign