The conversation between human and AI assistant.
What is the difference between depreciation and devaluation of a currency?
Can depreciation and devaluation happen at the same time?
Yes, they can. Depreciation can happen naturally through market forces, while devaluation is a deliberate policy decision by a government or central bank. So it's possible for both to occur simultaneously if the market is pushing the value of the currency down while the government is also devaluing it through policy.