Revaluation

[armondtoth]

Currency Revaluation

The active decision of a government to increase or decrease the value of its own currency in relation to other currencies. Revaluation occurs exclusively in fixed currencies, when the currency in question is pegged to another currency. A government generally revalues its own currency when it wishes to make adjustments to its peg to another currency. If the revaluation is a devaluation, it makes the country's exports less expensive in foreign markets.

Farlex Financial Dictionary.

[ArtistsandWriters]

Currency Revaluation

The active decision of a government to increase or decrease the value of its own currency in relation to other currencies. Revaluation occurs exclusively in fixed currencies, when the currency in question is pegged to another currency. A government generally revalues its own currency when it wishes to make adjustments to its peg to another currency. If the revaluation is a devaluation, it makes the country's exports less expensive in foreign markets.

Farlex Financial Dictionary.

[squawk7500]

That's fine - but how can you interact on a global market if your currency is worth less than a nice roll of charmin toilet paper? You're better off revalueing it and taking the hit - because your economy will be better off in the long run.

[jocko129]

IMO I think they want cheaper imports

[Captjohn]

"If the revaluation is a devaluation, it makes the country's exports less expensive in foreign markets."

Take your pick.....either Iraq is thinking of devaluing the dinar to make their exports cheaper (think oil), or they are looking to revalue the dinar upward to increase the value of a barrel of oil. No brainer? You decide.

[Joyce Bygall]

Yay again captjohn! Great good ole common sense! Not too much of that around anymore - love it! GO RI/RV!!!!!!!!!!!!!!!

[dinarsrus]

They want higher price for a high demand export and cheaper price for lifestyle imports.