Other Free Encyclopedias » 21st Century Webster's Family Encyclopedia » 21st Century Webster's Family Encyclopedia - Davis, Henry Gassaway to Diamond


Devaluation, reduction of the official value of a currency, the opposite of revaluation. Aimed at reducing imports and stimulating exports that have become uncompetitive as a result of internal inflation, it has been used by many countries when their monetary reserves are threatened by a balance-of-payments crisis.

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