单词 | revaluation of currency |
释义 | revaluation of currency revaluation of currency An increase in the value of a currency in terms of gold or other currencies. It is usually made by a government that has a persistent balance of payments surplus. It has the effect of making imports cheaper but exports become dearer and therefore less competitive in a country; revaluation is therefore unpopular with governments. Comparedevaluation; revalorization of currency. |
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