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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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Aug 13, 2023 · Devaluation is the deliberate downward adjustment of a country's currency value to balance trade. Learn how devaluation works, its pros and cons, and its relation to revaluation, depreciation, and tariffs.
- Christina Majaski
- 1 min
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.
Learn the meaning of devaluation as an official reduction in the exchange value of a currency or a lessening of the value of something. See examples, synonyms, word history, and related phrases of devaluation.
Devaluation is the action of reducing the value of a currency or making something less important. Learn more about the meaning, usage and history of devaluation with examples from the Cambridge Dictionary.
Devaluation is when the government reduces the official value of a currency in relation to other currencies. Learn how devaluation affects exports, imports, inflation and foreign debt, and see some related terms and examples.
Devaluation is a downward adjustment to a country’s value of money relative to a foreign currency or standard. Many countries that operate using a fixed exchange rate tend to use devaluation as a monetary policy tool to control supply and demand. Summary.
devaluation, reduction in the exchange value of a country’s monetary unit in terms of gold, silver, or foreign monetary units. Devaluation is employed to eliminate persistent balance-of-payments deficits. For example, a devaluation of currency will decrease prices of the home country’s exports that.
