Devaluation
/diːˈvæl.juː.eɪ.ʃən/
Synonyms
- depreciation
- diminution
- discounting
- downgrading
- undervaluation
Slang Meanings
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.