Devaluation

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Devaluation in modern monetary policy is a reduction in the value of a currency with respect to those goods, services or other monetary units with which that currency can be exchanged. ‘Devaluation’ means 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.

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Relevant TSP Episodes

  • TSP Episode # - [Link Title]

http://www.thesurvivalpodcast.com/controlling-economic-fear-and-moving-forward

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