Among the many frequently mentioned but often misunderstood economic terms is devaluation. Especially relevant in developing ...

Economists and bankers have welcomed the Central Bank of Egypt's decision to adopt a more flexible exchange rate policy after a sharp devaluation of the Egyptian Pound as much-needed measures to ...

When the currency was devalued to GYD 33 to the US dollar in1989, the parallel market rose and again in 1990 the devaluation of the Guyana dollar to $45 saw the parallel market rate increasing to ...

One way of dismantling a dual exchange-rate system is to unify exchange rates and to peg a single rate to the black-market rate, indicating a devaluation of the currency.

CARACAS — Venezuela on Tuesday launched a new foreign exchange platform that will likely devalue the bolivar heavily in efforts to bolster state coffers amid tumbling oil revenue, but risks a spike in ...

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However, one thing seems almost certain: another currency devaluation may be on the horizon. For all the latest headlines follow our Google News channel online or via the app.

The Macanese pataca is pegged to the Hong Kong dollar at HK$1 to MOP$1.03 since 1983 through a currency board called the Linked Exchange Rate System. Under the system, whenever the two note ...

The central bank will allow the currency to float freely below the official 1.2 francs per euro exchange rate. The main attraction of a fixed currency is stability and predictability.

Referred to as a broken peg, the inability of a country to defend its currency can result in a sharp devaluation from artificially high levels and dislocation in the local economy, Investopedia ...