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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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更新时间:2025/1/22 19:11:15