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DEVALUATIONS - Don't mispronounce Devaluations anymore in 2023

Devaluations refer to the deliberate reduction in the value of a country's currency in relation to foreign currencies.
It is a monetary policy tool used by governments to achieve various economic objectives.
Devaluations can occur for different reasons, such as to boost exports, reduce trade deficits, attract foreign investments, or stimulate economic growth.
When a country devalues its currency, it makes its exports relatively cheaper and imports more expensive, which can potentially make its domestic industries more competitive.

Pronunciation:
To pronounce 'devaluations', you can say dee-val-yoo-ey-shuhnz or dee-vuh-loo-ey-shuhnz.
Here are some alternative variants: dee-val-yoo-ay-shuhnz, dee-vuh-loo-ay-shuhnz.

Test yourself by speaking the following examples:
1. The devaluations of the country's currency helped increase its export competitiveness
2. The government decided to implement a series of devaluations to improve its trade balance
3. Many economists argue that devaluations can have both short-term benefits and long-term consequences for an economy
4. The recent devaluations have led to an increase in the prices of imported goods

Last updated: September, 2023