This can occur when a country's currency is pegged to another currency or a basket of currencies.
In the realm of finance, the term "revaluation" refers to a situation where the value of a currency, which is pegged to another currency or a basket of currencies, increases as a result of deliberate measures taken by the Central bank or Government. This deliberate appreciation of a currency is known as revaluation. It is a common practice in many countries and can have significant implications for their economies. Now, let's delve deeper into the concept of revaluation and its impact on the financial market.
