Devaluation of a currency means I.A.S. (Pre) 1994 U.P.P.C

169

M: +2.00/-0.33

Devaluation of a currency means

I.A.S. (Pre) 1994 U.P.P.C.S. (Pre) 1998 J.P.S.C. (Pre) 2006

[External Sector - Trade, FDI, Debt]

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

permitting the currency to seek its worth in the international market

fixing the value of the currency in conjunction with the movement in the value of a basket of predetermined currencies

fixing the value of a currency in multilateral consultation with the IMF, the World Bank and major trading partners

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