A current account surplus happens when a country sells more goods, services, and income to the rest of
Tag: foreign exchange reserves
current account deficit
A current account deficit happens when a country spends more money on foreign goods, services, and income transfers
revaluation
Revaluation is the official and deliberate increase in the value of a country’s currency in relation to another
devaluation
Devaluation is an official decision by a government to lower the value of its currency against other currencies.
fixed exchange rate
A fixed exchange rate (also called a pegged exchange rate) is a system in which the government or