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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
Demonetisation rollout 'deeply flawed', says Nobel winner Richard Thaler

19-11-2017| Source:Moneycontrol.com

Thalers initial tweet on demonetisation last year in which he appeared to praise the exercise became the BJPs prized weapon to silence any opposition for the governments move to devalue old Rs 500

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