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ID045316
Title ProperCurrency Devaluation, Economic Strength, and the Race Between Nations
LanguageENG
AuthorVaish Man Mohan
Summary / Abstract (Note)Currency devaluation is when a government deliberately makes its money weaker compared to other countries' money, like the US dollar.
Think of interest rates as the reward for saving money in a bank. If the bank pays less interest, you're less likely to save there. When a country cuts interest rates, people (and big investors) move their money elsewhere, weakening the currency.
`In' analytical NoteIn The Indian Banker 2026-07-01 [Vol. XIII Issue. 11]. 2026-07-01.
Journal SourceThe Indian Banker 2026-07 XIII, 11