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What is devaluation

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What is devaluation

    • Posted by Pawan Rathore 7 years, 11 months ago

    CBSE > Class 12 > Economics
    • 3 answers

    Vinay Bhadana 7 years, 11 months ago

    devaluation refers to the decrease in the value of domestic currency in relation to the foreign currency as fixed by the government in the fixed exchange rate system

    1Thank You

    Mimansha Rawat 7 years, 11 months ago

    It is done by the government of the country

    0Thank You

    Md Kashif 7 years, 11 months ago

    Decline in value of currency in fixed exchange rate system.

    0Thank You

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