Devaluation of sterling

 

 

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Devaluation of sterling

 

Glossary of business

 

Definition of devaluation of sterling

 

A devaluation of sterling only arises under a fixed exchange rate. It is when a government lowers the value of their currency from one fixed rate to another.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

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Definition and meaning of devaluation of sterling

 

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