Devaluation
id:
devaluation-243-2954718
title:
Devaluation
text:
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 maintains a fixed value of its curren
brand slug:
wiki
category slug:
encyclopedia
description:
Official lowering of the value of a country's currency within a fixed exchange-rate system
original url:
https://en.wikipedia.org/wiki/Devaluation
date created:
date modified:
2024-01-12T00:50:55Z
main entity:
{"identifier":"Q220788","url":"https://www.wikidata.org/entity/Q220788"}
image:
fields total:
13
integrity:
14