concepts
type: Collection
type: ConceptGroup
member: revaluation

international monetary system
type: Concept
narrower: revaluation

revaluation
type: Concept
broader: international monetary system
definition: Revaluation occurs when a government or its central bank increases the official price at which its currency can be bought on the foreign exchange (Forex) market. For example, suppose that the current U.S. dollar (USD)/British pound (GBP) exchange rate was 2:1, meaning that $2 had to be given up for each £1 or, equivalently, that £1 was worth $2. [Source: Encyclopedia of Business in Today's World; Revaluation]