An abrupt depreciation of a currency whose value was fixed or managed by the government is referred to as

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A sudden fall in the value of a currency whose value was previously managed or fixed by the government is known as devaluation. Depreciation refers to a general decline in the value of currency due to market forces. Revaluation refers to a deliberate increase in the value of a currency by a government or central bank, while appreciation refers to an increase in the value of currency due to market forces.

An Abrupt Depreciation of a Currency Whose Value Was Fixed