TopicExchange rates & FX
dévaluation · /de.va.lɥa.sjɔ̃/
dévaluation
dévaluation/de.va.lɥa.sjɔ̃/noun
official reduction of a currency's fixed exchange value
abaissement officiel de la valeur de change fixe
Used under pegs or managed regimes more than pure free floats.
Plus courant sous un ancrage ou un régime administré qu'en flottement pur.
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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