In 1966, indian rupee was first time devalued
yes the dollar will be devalued its inevitable, but hyper inflation? that's a scary thought! but cant see it happening, but if the US was any other country in the world it would probably turn into Argentina all over again, but it just has too much influence for that to happen...or does it?? - Im sure China is sick of bankrolling America by now, but it needs their market share so as I say I think it will come through without hyperinflation.
it means the value of that currency went down
There is no such thing as a "dollar peso". Mexico uses the "$" sign to mean peso, and they're 2 different currencies. Mexican currency was devalued in 1992 at the rate of 1000 old pesos to one new peso, so your coin is actually worth only 5 centavos at current rates. That's less than a penny.
the peso was devalued
The Belizean dollar was devalued in 1949.
No, more expensive.
The Peseta was devalued from 60 pta./dollar to 70 pta./dollar in 1967
It is an artificial way of balancing the Trade deficit.
Simply, Inflation of printing too much paper money for weapons during the war.
If you have $50 then you have 37.54 euros. It takes more US dollars because the US dollar is currently devalued.
hoe do people become socially devalued
In 1966, indian rupee was first time devalued
It means the peso has lost value against another currency. For example, in 2001 you needed 9.17 pesos to buy a US dollar. Ten years later, you need 12.38 pesos to buy a US dollar. This means the peso has devalued 3.21 pesos or 35% against the US dollar for the last ten years.
It really depends on WHY those prices jumped up in the first place. If it happened because the US dollar was devalued against other currencies, it would mean imports from Mexico are more expensive. For example, a pair of shoes is manufactured in Mexico for 100 pesos and sold at the US for 20 dollars, (currency parity is 1 dollar = 5 pesos). Now, if the dollar is devalued to say, 1 dollar = 2 pesos, it would mean those shoes would be more expensive, as they are still manufactured with 100 pesos, but with the new parity, they cost 50 dollars in the US.
If you asking the value of the U.S. Two (2 ) Dollar bill today it is nothing. In late 70's the bank did a recall on the bill and afterwards devalued the 2 dollar bill These are collectors items only
Because of high inflation, the Surinamese dollar [Surinaamse dollar] replaced the Surinamese guilder [gulden]. One Surinamese dollar was valued at 1,000 guilder. The government devalued the currency with the aim of stabilizing the currency and the economy. The dollar officially replaced the guilder on January 1, 2004.