How Does devaluation of currency helps to build a dwindling economy?

[someone703]

The general recession of the world and the fall in devaluation as an obvious result of it, the point here is that it is not seen as the driving force. And being forced to change to build the economy to bring inflation back to balance, as in the case of the national currency's devaluation in some countries like Venezuela, the restraint as well as the economic impact The general economy makes it difficult for them to find direction, some of the previous information we have seen about them trusting crypto more than national fiat. But in general, the economic cycle of recession, recovery, and development, ... must take place to rebalance the problems of order in society.

[Wimex]

That's right, devaluation can lead to a loss of purchasing power of the local currency, which negatively affects citizens... Rising prices can erode income and decrease the purchasing power of the population. In addition Investors may lose confidence in the stability of the currency and the country in general, which could lead to capital flight and decrease both foreign and local investment. What better example for this? Venezuela with a currency where not even the inhabitants use it anymore and even burn the banknotes… Devaluation can be seen as a quick fix to economic problems, but it does not address the underlying problems in the economy, such as lack of diversification, mismanagement tax or corruption. If these problems are not resolved, the benefit of the devaluation may only be temporary.