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.