Eli5: What does devaluation of a currency mean? How does deliberate devaluation helps a country economically?

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Eli5: What does devaluation of a currency mean? How does deliberate devaluation helps a country economically?

In: Economics

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Anonymous 0 Comments

yes it helps, as far as I know, the state is getting money after all with it. it is somehow a relatively ethical method instead of higher taxes as everybody is ‘paying’ it according to how much money they have. but it’s far no perfect.

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