REVALUATION

Revaluation

Revaluation means a change of a price of goods or products. This term is specially used as revaluation of a currency, where it means a rise of currency to the relation with a foreign currency in a fixed exchange rate. In floating exchange rate correct term would be appreciation. Altering the face value of a currency without changing its foreign exchange rate is a redenomination, not a revaluation.

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revaluation

Noun

  1. The process of altering the relative value of a currency or other standard of exchange.
    After the new party took power, the government declared a revaluation of the currency in an attempt to limit runaway inflation.
  2. A reassessment of the value or worth of something; a reappraisal or reevaluation.
    After the soldiers raided her farm for supplies, she was forced to a revaluation of their benefit as protectors.


The above text is a snippet from Wiktionary: revaluation
and as such is available under the Creative Commons Attribution/Share-Alike License.

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