Devaluation: what is it and how does it affect the country’s economy

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Published: 08/22/2020

Reading time: 8 min

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The economic situation in our country can be called difficult. Naturally, in such conditions, the population is concerned about how to preserve existing savings. At the same time, many are afraid of devaluation - they talk about it on TV, write in the media and on the Internet. But not everyone understands exactly what devaluation means in practice.