Talk:Devaluation/Archive 1

Indian Rupee
hi can any one tell me more about devaluation of currency particu;larly with respect tothe indian rupee....mail me at sanand87@gmail.com

I'm not an economist, but from what I know, devaluation is only the reduction of the nominal value of currency, while its actual value remains the same; reduction of actual value of currency is inflation, regardless of the reasons which cause it. Possibly the terminology is different across different languages? Someone who is an economist should look into this. Nikola 17:11, 11 Jun 2005 (UTC)

wrong article
this article is more about money than the specific concept of devaluation. apart from this, the author uses depreciation indiscriminately with devaluation. One is intended, the other is not.

cleanup
the article needs references and some structure. Right now it's kind of difficult to read and fails to address the topic clearly.

difference between devaluation and depreciation
hello in Argentine Currency Board entry in wikipedia it is said that "In 1989, former President Raúl Alfonsín resigned, and in July of that year Carlos Menem was elected President. His early attempts to stabilize inflation failed, resulting in further devaluation of the peso and a serious reduction in the central bank's reserves." there has occured a problem when i corrected this statement repleacing devaluation with depreciation i was called a vandal :( IMHO devaluation is when the exchange rate is changed (lowered) by central Bank when the exchange rate is set by this institution, while depreciation is a term used when exchange rate changes (lowers) in floating exchange rate if someone wants to clear this out pls post your answer here or here: http://en.wikipedia.org/wiki/User_talk:Pablo-flores

Devaluation is a reduction in the value of a currency in fixed exchange rate! Jerzy czaja-szwajcer 05:40, 23 May 2006 (UTC)


 * OK, I've just created a stub Depreciation (currency). Please discuss in its talk page. Some of the material in this article should be moved over there, but much needs to be "shared". The causes that lead a currency to depreciate and the causes that lead a country to devalue its currency are basically the same; the consequences for international trade and the like are also basically the same. In any case, we need someone with bibliography to help avoid original research.

i see u ve done great job in this article :) thank You Pablo

Devaluation as taxation
Could devaluation be considered a crude form of taxation (or even theift) ? By excessive printing of money (and the resultant devaluation of money already in circulation) what effectively happens is a transfer of wealth takes place from those holding currency (i.e. the general public) to those issuing it (usually a government or bank operating on its behalf) ? —The preceding unsigned comment was added by 87.113.89.0 (talk • contribs) 19:12, 2 August 2006.


 * Please sign your name using four tildes ~ when making your posts.
 * Printing money does not equate devaluation (it would be depreciation in any case), though that's what some economists believe. What you're implying is more-or-less covered already in inflation tax, I believe. If you want to add something over there, make sure you have an independent source (that is, don't speculate on your own). —Pablo D. Flores (Talk) 02:21, 3 August 2006 (UTC)

New York Federal Reserve
The New York Fed has a more detailed view on devaluation here. It presents devaluation as "the deliberate downward adjustment in the official exchange rate". I have not witnessed usage of the term devaluation in relation to countries or regions with floating exchanges. I normally hear or read "depreciation" instead; therefore, I believe, based on the link provided, that the definition in the opening is inaccurate.

I also recommend that reasons behind devaluations and some examples should be included such as the Southeast Asia Crisis or the Peso crisis in the Americas.

"The Pound in your pocket..." speech
When was this in the UK? Harold Wilson? can't remember? Anon (12:37UTC 12th December 2008) —Preceding unsigned comment added by 81.143.130.173 (talk) 12:38, 12 December 2008 (UTC)

Televised speech November 19, 1967. —Preceding unsigned comment added by 81.143.130.173 (talk) 12:43, 12 December 2008 (UTC)