What is Revaluation?
Definition of Revaluation: It means an upward change in the price or value of goods, services and products. It is generally applied in order to revalue a detailed currency that does not float freely in the trading market. In such a case, the Central Bank may be elected in order to adapt the pegging mechanism used when he settle of the international trade are consummated. Rate of floating exchange that keeps on increasing is known as appreciate. The opposite of revaluation process is known by the name of devaluation. However, denomination is not related with the two processes. It includes altering the value of the currency without altering the overseas exchange rates. The government of China has opposed worldwide efforts for revaluing its money, even if it has modified the pegging system and controls the revaluation procedure to permit minimal alterations.