- devaluation
- A decrease in the spot price of a currency. Often initiated by a government announcement. Bloomberg Financial Dictionary————(of currency)A government's reduction of the value of its currency, generally through an official announcement. Chicago Mercantile Exchange Glossary
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• Heavy price discounting will devalue our famous brands.
2. [transitive] FINANCE when a country devalues its currency against other currencies, it decreases its value for economic reasons, for example to make its exports cheaper:• Hungary said it will devalue its currency by an average of 15% against major Western currencies.
• With more money coming into circulation, the ruble may devalue further.
— devaluation noun [countable, uncountable] :• the pound's devaluation after sterling withdrew from the European Exchange Rate Mechanism
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Formal downward adjustment of a currency's official par value or central exchange rate. Opposite of revaluation.* * *
devaluation UK US /ˌdiːvæljuˈeɪʃən/ noun [C or U] FINANCE, ECONOMICS► a reduction in the value of a currency compared to others: »The devaluation of the dollar had a strong effect on the financial markets.
»Currency devaluation has inflationary consequences.
Financial and business terms. 2012.