The Bretton Woods Agreement provided for the devaluation of a currency in order to enable countries to manage temporary but serious downturns.

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The Bretton Woods Agreement allowed for the devaluation of currencies in exceptional circumstances to address balance of payments deficits, which could include managing temporary but serious economic downturns. This was part of a broader framework to ensure financial stability and prevent competitive devaluations.

The Bretton Woods Agreement Provided for the Devaluation of a Currency