Devaluation

/diːˈvæl.juː.eɪ.ʃən/

Meaning & Definition

noun

The reduction or underestimation of the worth or importance of something, particularly in terms of currency.

The government's decision to implement a devaluation of the national currency was met with protests from economists.

A decrease in the value of a currency as related to other currencies.

After the devaluation, the country experienced a spike in inflation rates.

The act of lessening or diminishing the value of a particular good or service.

Devaluation of real estate can lead to significant financial losses for homeowners.

Early 20th century: from de- 'reduction' + valuation.

currency devaluation:

A specific term for the decrease in the value of a country's currency.

devaluation of standards:

Refers to the reduction in quality or importance of norms and values.

Drop in currency value.

After that devaluation, everything feels more expensive.

Loss of importance.

There's been a real devaluation of what it means to work hard these days.