What is the Outcome of devaluation of currency?

Answer 1

Devaluation makes ac country's exports relatively less expensive for foreigners and secondly it makes foreign products relatively more expensive for domestic consumers,discouraging imports. As a result, this may help to reduce a country's trade deficit.

Answer 2

In certain economic situations, especially with less than top tier nations, devaluation of a nations currency can correct problems relating to exports. In the world economy, to purchase a product, as example, cotton, the buyer from abroad must pay in the currency of the selling nation. In order to increase in this case, cotton sales, normally the nation's central bank will devalue its currency in relation to a benchmark currency such as the US dollar or the Euro dollar. This makes the nations currency cheaper to buy and thus enables a buyer from abroad to spend less of their own currency to buy the cotton. This is the advantages of a devaluation. The negative side can be discussed in the future.

Answer 3

Your Products become less expensive hence more attractive to potential buyers

Answer 4

Currency devaluation means the decrease value of money in comparison to other country of currency .

Answer 5

If the central bank ,print more money ,their is a devaluation of money .