revaluation
Quick Summary
Revaluation in finance refers to an increase in the exchange value of a country's monetary unit in terms of gold, silver, or foreign currencies. This action is typically taken when a nation's currency has been undervalued compared to others, leading to persistent balance-of-payments surpluses.1
In simpler terms, revaluation makes a country's exports more expensive for foreign buyers and imports cheaper for domestic consumers. This can help to improve a country's trade balance. The term "revaluation" can also refer to a revised or new valuation or estimate of an asset or property.12
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