Noun: devaluation dee,val-yoo'ey-shun
- The reduction of something's value or worth
"The sudden devaluation of the currency caused economic panic"
- An official lowering of a nation's currency; a decrease in the value of a country's currency relative to that of foreign countries
"The government's decision to implement a currency devaluation aimed to boost exports"
Derived forms: devaluations
Type of: decrease, diminution, reduction, regulating, regulation, step-down
Encyclopedia: Devaluation