Competitive Devaluation: Meaning, Pros and Cons, Example
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Competitive Devaluation: Meaning, Pros and Cons, Example
Competitive devaluation is a series of currency depreciation that nations resort to in tit-for-tat moves to gain an edge in international export markets.
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Suxess Energy on Instagram: "Iran’s currency didn’t collapse overnight — it bled slowly. 💸 Today, 1 USD ≈ 1.4 million Iranian rials (black market). That means just ~$880 can technically make you a “billionaire” — but with no real purchasing power. 📉 What caused it? • Years of high inflation • Crippling international sanctions • Currency controls & black markets • Political isolation + unrest 🧠 The truth: When trust in a system dies, money becomes paper. A “billionaire” in numbers — #iranvsusa
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