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How does a country devalue its …

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How does a country devalue its currency? What are the steps it has to take?

Posted by Shriya Sengupta 3 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Sia ? 3 years, 1 month ago

Devaluation occurs when a government wishes to increase its balance of trade (exports minus imports) by decreasing the relative value of its currency. The government does this by adjusting the fixed or semi-fixed exchange rate of its currency versus that of another country.

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