With devaluation comes a reduction in the value of a nation's currency. This is common knowledge. Also, it makes imports more expensive, with exports becoming more competitive.
All things being equal, inflationary pressures increase with devaluation. This is due to the increase in the demand for exports and an increase in import prices. As much as currency devaluation has an effect on inflation, its impact on inflation is linked to several factors. Chief among them is the state of the nation’s economy.
Devaluation of money is real, and just like death, you never know when it will come. However, there are things you can do to ensure that it does not affect you negatively. If you master some of them, you might never have to worry even in the face of the devaluation of your nation’s currency.
