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Devaluation

The depreciation of the national currency, or in other words, the rate decline in relation to foreign currencies and gold. For example, in Britain in September 1992 raising interest rates in the situation of stagnation in the economy were the reason for the devaluation of the pound. On September 16 the pound lost 2.7% against the Mark and by the evening was traded in New York at 2.703.

News On Devaluation
Devaluation of Naira

28-11-2014| Source:Mecklai Financial

Devaluation of Naira

Bajaj Auto dn 2%; UBS downgrades stock to sell on firm USD

26-11-2014| Source:Moneycontrol.com

In response to the currency devaluation in Nigeria, Bajaj Auto has hiked its product prices slightly

Bharti Airtel, Bajaj Auto fall as Nigeria devalues currency  

26-11-2014| Source:Reuters

Nigeria's central bank devalued the naira by 8 percent and raised interest rates sharply on Tuesday.

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