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Explain how depreciation of currency promotes …

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Explain how depreciation of currency promotes export of a country??

Posted by Nishtha Girdhar 5 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Canada'S ?? Julliet Anu 5 years, 10 months ago

If the domestic currency of any country is depreciating it means the currency of foreign country is apreciating.Now the foreigners can purchase more units of the goods with the same unit of currency. It will increase their purchasing power. They will buy more goods as well their demand also increase. It will increase or promote export definitely.

Shah Ali 5 years, 10 months ago

Different b/w central bank and comercial bank

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