Beggar-thy-neighbor devaluation Beggar-thy-neighbor devaluation is a devaluation that is designed to cheapen a nation's currency and thereby increase its exports at the expense of other countries. Devaluation can also reduce a nation's
Devaluation of currency Devaluation of a currency refers to a drop in foreign exchange value of a currency that is pegged to gold or to another currency. In other words, the par value is reduced.
Devaluation Devaluation is a downward change in the official parity of an exchange rate from that which it was previously set
Definition
[ n.]