A macroeconomic question
By anonyalkult •
A while ago there was a talk about revaluing Qatar rial. While one can understand the logic of devaluing what is the significance of revaluing, and what are its implications? What are its benefits and disadvantages?
Thanks exiled. But why the govt is resisting this move saying it will cause them billions of losses?
This is easy. Devaulation is good for countries that are major exporters as it makes their goods cheaper to the rest of the world but Qatar is s major importer of most stuff. A stronger currency means those goods are cheaper for Qatar.