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- Dictionarydevaluation/ˌdiːvaljʊˈeɪʃn/
noun
- 1. the reduction or underestimation of the worth or importance of something: "the general devaluation of expertise in our culture"
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noun
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Reduction in value of a currency with respect to anything which it can be exchanged for
In macroeconomics and modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket. The opposite of devaluation, a change in the exchange rate making the domestic currency... Wikipedia