currency devaluation

Frequency: 7.09.5 per million words

refers to the official lowering of the value of a country's currency within a fixed exchange rate system.

Categories:

Examples (10)

  • The government announced a currency devaluation to boost exports.
  • A sudden currency devaluation can lead to a rapid increase in the cost of imported goods.
  • The 1994 currency devaluation in Mexico had significant economic repercussions.
  • The central bank is debating whether a currency devaluation is necessary to stimulate the economy.
  • In a floating exchange rate system, what occurs is depreciation, not an official currency devaluation.
  • Ordinary citizens often suffer the most from a currency devaluation as their savings lose value.
  • The country faced international pressure to avoid a competitive currency devaluation.
  • A planned currency devaluation was implemented as part of a broader economic reform package.
  • Investors reacted nervously to rumors of an impending currency devaluation.
  • The professor's lecture focused on the long-term effects of currency devaluation in developing nations.