The depreciation of a country's currency implies:

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When a country's currency depreciates, it means that the currency has lost value relative to other currencies. This situation can lead to imported goods becoming more expensive in the local market, as it now costs more of the local currency to buy the same amount of foreign goods. Consequently, this can increase the risk of imported inflation, as the higher costs of imported goods can lead to overall price increases in the domestic market.

The Depreciation of a Country's Currency Implies