Meaning of the word devaluing in English

What does devaluing mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

devaluing

US /diːˈvæl.ju.ɪŋ/
UK /diːˈvæl.ju.ɪŋ/

Verb

1.

reduce or underestimate the worth or importance of something

Example:
The company was accused of devaluing its employees' contributions.
Constant criticism can lead to devaluing oneself.
2.

reduce the monetary value of a currency

Example:
The government decided to devalue the currency to boost exports.
A country might devalue its currency to make its goods cheaper for foreign buyers.
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