| devaluation |
a reduction of the money rate against foreign currencies or gold; a reduction of precious metal content in a monetary unit.
Ãâó: www.hansabanka.lv/cgi-bin/www/engl/mylife/ml_11.ph...
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| devaluation |
The reduction of the official rate at which one currency is exchanged for another. Governments regard devaluation as a means of correcting a balance-of-payment deficit. Devaluation may generate inflation and is usually perceived as a temporary tool for curing the economic ills of a country.
Ãâó: poli.haifa.ac.il/~levi/res/dicpe.html
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