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प्रश्न
What is ‘devaluation’?
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अति संक्षिप्त उत्तर
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उत्तर १
Devaluation means a reduction in the price of domestic currency related to all foreign currencies in a fixed exchange rate system.
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उत्तर २
Devaluation refers to a deliberate action undertaken by the central bank to decrease the value of domestic currency relative to the currencies of other countries under a system of fixed exchange rates.
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