dévaluation

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noun

official reduction of a currency's fixed exchange value

Used under pegs or managed regimes more than pure free floats.

Examples

Une dévaluation soudaine a fait grimper le coût du carburant importé du jour au lendemain.
A sudden devaluation raised the cost of imported fuel overnight.
La banque centrale a nié tout projet de dévaluation après la rumeur.
The central bank denied plans for devaluation after the rumor.
L'histoire montre qu'une dévaluation peut soutenir les exportations mais alimenter l'inflation.
History shows devaluation can boost exports but stoke inflation.

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