English version

currency devaluation

From Longman Business Dictionarycurrency devaluationˈcurrency devaluˌation noun [countable, uncountable]FINANCE1when the value of a currency falls compared to the currency of other countries, causing imports to cost more and exports to be worth lessMexico announced that it would slow down the rate of currency devaluation by 20%.2when a country decides to reduce the value of its currency, usually to help its economyRecent currency devaluations by neighbouring countries have made Vietnam’s exports less competitive.
Pictures of the day
What are these?
Click on the pictures to check.