In modern monetary policy, a devaluation is an official lowerin... - dofaq.co
devaluation

In modern monetary policy, a devaluation is an official lowerin...

wikipedia - 12 Aug 2015
In modern monetary policy, a devaluation is 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 or currency basket. In contrast, a depreciation is a decrease in a currency's value (relative to other major currency benchmarks) due to market forces under a floating exchange rate, not government or central bank policy actions.

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