Question

Devaluation of a currency means ???​

Answer 1

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✴➡$\red{Devaluation\:of\:A\:currency:--}$

❤❤➡In modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange-rate system,

In which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket.

➡✴reduction in the value of a currency vis-a-vis major internationally traded currencies

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Answer 2

Answer:

hlo mate here is ur answer..

Explanation:

when a government intentionally declares it own currency cheaper in terms of foreign currency then the process is called devaluation of a currency

in other terms it is called reduction of reduction value of currency..

hope it helps u dear.. ❤