Devaluation is a reduction in
the value of a currency with
respect to other monetary
units. In common modern usage,
it specifically implies an
official lowering of the value
of a country's currency within
a fixed exchange rate system,
by which the monetary
authority formally sets a new
fixed rate with respect to a
foreign ref
more

Devaluation is a reduction in
the value of a currency with
respect to other monetary
units. In common modern usage,
it specifically implies an
official lowering of the value
of a country's currency within
a fixed exchange rate system,
by which the monetary
authority formally sets a new
fixed rate with respect to a
foreign reference currency. In
contrast, (currency)
depreciation is most...

Category Sports

Tags Peter, Schiff, Stock, Market, Dollar, Crash, Devaluation