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Devaluation of currency will be more beneficial if prices of
domestic goods remain constant
exports become cheaper to importers
imports remain constant
exports rise proportionately
Devaluation is one of the monetary policy tools. It is often used to combat the trade imbalance. Devaluation is beneficial for the economy of a country as it makes the country more competitive in global market.
By: Ketan Garg ProfileResourcesReport error
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