TopicExchange rates & FX
kirisage · /ki.ɾi.sa.ɡe/
切り下げ
kirisage/ki.ɾi.sa.ɡe/noun
official reduction of a currency's fixed exchange value
固定相場を公式に引き下げること、切り下げ
Used under pegs or managed regimes more than pure free floats.
完全な変動よりペッグや管理相場で使われます。
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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