devaluation

[dee-val-yoo-ey-shuhn]

noun

1. an official lowering of the exchange value of a country's currency relative to gold or other currencies.

2. a reduction of a value, status, etc.

devaluation

1. A policy undertaken by a nation to reduce the value of its national currency either in relation to gold or in relation to the currencies of other nations.

Other Word Forms

• minidevaluation noun
• postdevaluation adjective
• predevaluation noun

Word History and Origins

Origin of devaluation¹

First recorded in 1910–15; devaluate + -ion

Example Sentences

Argentina's Economy Minister Luis Caputo, in Washington for negotiations with the United States, on Thursday ruled out devaluation of the peso.

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“It’s clear to us that the solution isn’t to return to the catastrophic path of recurrent devaluations,” Milei said last month.

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Argentina, Latin America’s third-largest economy after Brazil and Mexico, has for decades endured recurring political and financial crises marked by currency devaluations, bank runs and sovereign-debt defaults.

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The International Monetary Fund is also playing in the country’s rescue, and its default remedy is always devaluation.

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“If that doesn’t work, then I think they can use devaluation again to put more pressure on the U.S.”

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Related Words

• decline 
• decrease 
• reduction 
• weakening www.thesaurus.com