When, under a pegged exchange rate system, the government or central bank raises the exchange rate, this is called

Question

Quizplus · Accepted Answer

Revaluation is the correct term for when a government or central bank under a pegged exchange rate system decides to increase the value of its currency relative to another currency or basket of currencies. This is a deliberate policy action, unlike appreciation, which is a market-driven increase in the value of a currency.

When, Under a Pegged Exchange Rate System, the Government or Central