The conversation between human and AI assistant.
What is the difference between depreciation and devaluation of a currency?
Can you explain the difference between depreciation and devaluation of a currency?
Of course! Depreciation of a currency refers to a decrease in the value of a currency in terms of other currencies or goods and services. Devaluation, on the other hand, is a deliberate decrease in the value of a currency by a government or central bank.