TopicExchange rates & FX
devaluación · /de.βalwaˈθjon/
devaluación
devaluación/de.βalwaˈθjon/noun
official reduction of a currency's fixed exchange value
reducción oficial del valor de cambio fijo
Used under pegs or managed regimes more than pure free floats.
Más habitual con anclas o regímenes administrados que en flotación pura.
Examples
A sudden devaluation raised the cost of imported fuel overnight.
The central bank denied plans for devaluation after the rumor.
History shows devaluation can boost exports but stoke inflation.
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