When a currency is devalued, it is meant to have a positive effect on the balance of payments by decreasing the price of domestic goods relative to foreign goods, causing exports to rise.
It does so by decreasing the price of domestic goods relative to foreign goods causing exports to rise. When a currency is devalued it is meant to have a positive effect on the balance of payments.
When a currency is devalued it is meant to have a positive effect on the balance of payments. It does so by decreasing the price of domestic goods relative to foreign goods causing exports to rise.
When a currency is devalued it is meant to have a positive effect on the balance of payments. It does so by decreasing the price of domestic goods relative to foreign goods causing exports to rise.