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What is devaluation of currency and …

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What is devaluation of currency and depreciation of currency? Also tell which came first.

    • Posted by Pari Singh 5 years, 9 months ago

    CBSE > Class 12 > Economics
    • 3 answers

    Mahak Chauhan 5 years, 9 months ago

    Depreciation of currency means fall in the value of domestic currency in relation to foreign currency

    0Thank You

    Shradha Malpani 5 years, 9 months ago

    Depreciation of currency refers to a situation when domestic currency loses it value in relation to foreign currency.

    0Thank You

    Your Father 5 years, 9 months ago

    devaluation is deliberate reduction in the value of domestic currency by the govt

    0Thank You

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