Devaluation of a currency means
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devaluation of currency means lowering the value of countrys currency.
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Devaluation' means official lowering of the value of a country'scurrency within a fixed exchange rate system, by which the monetary authority formally sets a new fixed rate with respect to a foreign reference currency.Devaluation' means official lowering of the value of a country'scurrency within a fixed exchange rate system, by which the monetary authority formally sets a new fixed rate with respect to a foreign reference currency.
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