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What (who) is revalue - definition
revalue
(revalues, revaluing, revalued)
1.
When a country revalues its currency, it increases the currency's value so that it can buy more foreign currency than before.
Countries enjoying surpluses will be under no pressure to revalue their currencies.
VERB: V n
• revaluation (revaluations)
There was a general revaluation of other currencies but not the pound.
N-VAR: oft N of n
2.
To revalue something means to increase the amount that you calculate it is worth so that its value stays roughly the same in comparison with other things, even if there is inflation.
It is now usual to revalue property assets on a more regular basis.
VERB: V n
• revaluation
Some British banks have used doubtful property revaluations to improve their capital ratios.
N-VAR: oft N of n
revalue
¦ verb (revalues, revaluing, revalued)
1. value again.
2. Economics adjust the value of (a currency) in relation to other currencies.
Derivatives
revaluation noun
Valuing
·p.pr. & ·vb.n. of Value.
Examples of use of revalue
1. To head them off, Mr Bush needed a promise that China would revalue its currency.
2. There were also suggestions Marks was planning to revalue its property portfolio.
3. China‘s decision last week to revalue the yuan by 2.1 percent doesn‘t change that.
4. On Saturday, Mr Zhou said "the time is not yet ripe" to revalue the yuan.
5. Saudi Arabia was the country least likely to revalue, according to the poll.