After a revaluation, all other things equal, a country's balance of payments on the current account will likely increase.

Question

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After a revaluation, the country's currency becomes stronger, which makes imports cheaper and exports more expensive. This can lead to an increase in imports and a decrease in exports, which could ultimately lead to a current account deficit rather than an increase. However, if the elasticity of demand for the country's exports and imports is low, then a revaluation might improve the current account.

After a Revaluation, All Other Things Equal, a Country's Balance