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Asked by ken6569 - 3 years ago
Additional Details added 3 years ago
What effects might the devaluation of a nation's currency have on its business firms? On its consumers? On the debts it owes to other nations?
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Richard Level 73 / Retired Dentist
Answered 3 years ago
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I am very worried about this.
Devaluation means we pay what we owe other nations in cheaper dollars. They get the short end.

The nations import and export values change. That can have varying effects on businesses and its customers.

Assets denominated in that nations currency should go down in real value, but there can be so many other factors in play at the same time. This drop particularly applies to fixed assets.

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