TopicExchange rates & FX
deval'vatsiya · /dʲɪ.vəlʲˈva.t͡sɨ.jə/
девальвация
deval'vatsiya/dʲɪ.vəlʲˈva.t͡sɨ.jə/noun
official reduction of a currency's fixed exchange value
официальное снижение фиксированного курса валюты
Used under pegs or managed regimes more than pure free floats.
Чаще при привязке или управляемом режиме, чем при чистом float.
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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