Also known as depreciation
In macroeconomics and modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket. The opposite of devaluation, a change in the exchange rate making the domestic currency more expensive, is called a revaluation. 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
A devaluation is when a country's government officially lowers the value of its currency compared to other currencies in a fixed exchange-rate system. This matters because it affects how much foreign goods cost to buy and how competitive a country's exports are in global markets.
AI-generated from the Wikipedia summary — may contain errors.
انخفاض قيمة العملة يحدث عندما تعاني العملة من ارتفاع سعر الصرف بالنسبة لعملة أو مجموعة عملات مرجعية. يمكن حدوث انخفاض قيمة العملة بدون تدخل من جانب (بسبب التطور «الطبيعي» لأسعار الصرف) أو أن تكون سياسة مالية تقررها الحكومة في ظل نظام سعر الصرف الثابت. على العكس، يسمى ارتفاع قيمة العملة بإعادة التقييم.
Abstract from DBpedia / Wikipedia · CC BY-SA
Discovered by embedding cosine similarity (sentence-transformers MiniLM, 384-dim).
via Wikidata sitelinks · CC0