If a country that maintains fixed exchange rates decides to let their exchange rate fall, the currency has:

Name: If a country that maintains fixed exchange rates decides to let their exchange rate fall, the currency has:
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When a country with a fixed exchange rate system allows its currency to fall in value, it is referred to as a devaluation. This is a deliberate policy action by the government or central bank to reduce the value of its currency against another currency or a basket of currencies.

If a Country That Maintains Fixed Exchange Rates Decides to Let