devaluation
pronunciation
How to pronounce devaluation in British English:
UK [ˌdi:ˌvæljʊ'eɪʃn]
How to pronounce devaluation in American English:
US [ˌdiˌvæljʊ'eɪʃn]
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- Noun:
- 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 reduction of something's value or worth
Word Origin
- devaluation (n.)
- 1898; see de- + valuation. Specific application to currency is from 1914.
Example
- 1. No one would accuse the eurozone of competitive devaluation .
- 2. Doom-mongers said devaluation was inevitable .
- 3. Most economists expect a big devaluation .
- 4. They will be helped by devaluation .
- 5. Yet devaluation has scarcely been painless .