. . Subject: Re: devalueing currency: why ? . . . . . . > ... > ... > ... > ... > ... > ... > ... > ... > ... > ... > ... > ... > ... > ... > ... > ... > ... > ... If you want you can call be stupid, but isn't that inflation by printing new money (also a form of "devaluation" but not generally called so?), where devaluation normally means that you fiddle by political order with the exchange-rate in order to give foreigners too much of your own money ? Inflation: print a number of trillions. Devaluation: when foreign coin wants to buy your coin, give them significantly more then its worth ?????????????????????????????? As 'they say': "devaluation helps exports and reduces imports" I don't see the connection with inflation through printing fresh money. Say I'm Holland and sovereign with the Gulden, and I print 1 trillion more (for whatever reason); how could that possibly help exports ? Rather I'd guess people with foreign coin avoid Holland on hyper-inflation, what they exchanged in the morning migth have lost half its value by the evening (or is that an extreme concern only for hyper-inflation.) Serious inflation seems like a clue for instability, neither that great to trade with then ? Also if foreigners have our coin, and we inflate, their coin loses value thus they can buy less of our stuff.