Noun
currency war (plural currency wars)
English Wikipedia has an article on:currency warWikipedia
(economics) Competition between countries to achieve a relatively low exchange rate for their home currencies, so as to help their domestic industry.
Today we are practically living a trade war, a currency war because the exchange rate today is one of the important factors to determine the competitiveness or not of products. Generalized currency depreciation in my view is an explicit strategy used by countries and that threatens us. Guido Mantega
Is the Trade War About to Become a Currency War? Source: Internet