5 ms·

Sure, but the added value is local, which helps exports.

• can16358p 5y ago
  Yup, it helps with exports but it simply can't outweigh the losses from devaluation and foreign dependency.
  • pas 5y ago
    It's not a one time thing. It's a convergent process. It provides advantage as long as the currency is in that deprecated state. Basically the same work will cost less in the depreciated currency. This causes demand for that work, which causes appreciation of the currency.