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Explain four effects on the economy of your country arising from the loss of value of the national currency against the dollar.

      

Explain four effects on the economy of your country arising from the loss of value of the national currency against the dollar.

  

Answers


Kavungya
- Inflation if the country is imports dependent
- Expensive essential commodities
- Cheap exports making our exports more competitive
- More revenue for exports since they are paid by the dollar
- A dollar fetches more in our currency term.
Kavungya answered the question on May 6, 2022 at 06:07


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