Devaluation

Tax Glossary Definition

Devaluation

ChatGPT said:Devaluation – Devaluation is the intentional reduction in the official value of a country's currency relative to foreign currencies, typically carried out by the government or central bank. It makes exports cheaper and imports more expensive, aiming to improve the trade balance and stimulate economic activity.

Example: If the Indian rupee is devalued against the US dollar, Indian exports become cheaper for foreign buyers, potentially boosting export demand.

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