Meaning of the word devaluation in English
What does devaluation mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
devaluation
US /ˌdiː.væl.juˈeɪ.ʃən/
UK /ˌdiː.væl.juˈeɪ.ʃən/
Noun
1.
the reduction or underestimation of the worth or importance of something
Example:
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The constant criticism led to a devaluation of her self-esteem.
•
There was a significant devaluation of the company's assets after the scandal.
2.
the official lowering of the value of a country's currency in terms of foreign currencies
Example:
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The government announced a devaluation of the national currency to boost exports.
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A sudden devaluation can make imports more expensive.