Devaluation and revaluation of the national currency. Types of devaluation and revaluation, causes, goals, consequences for the economy. Known historical examples of rate changes
Devaluation and revaluation: definition, causes, consequences. Historical examples
Devaluation may seem a disaster for a resident of the country in question as the rapid decline of the rate means prices go up, which devalues any savings one might have. However, devaluation is not always accompanied by inflation. There are cases where the reverse process – revaluation – turned out to be disastrous for the national economy. Devaluation and revaluation are tools to adjust the investment climate…
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