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logicchains

>A weaker currency is better for exports.

Only for exports that don't rely on imported components, because such components will get more expensive.

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> rely on imported components

This doesn't matter. You buy wheat at $100 and sell breads at $250. You net $150 and convert that to, say, €150.

Quite right, imports get more expensive. I guess it's only beneficial if you have most of the supply chain in-country.

Could you say that it encourages local supply chains?

I think so, given a healthy market. Sometimes fiat decisions or policies can discourage or outright prevent local supply from developing. The key is balance.

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