devaluation


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.

noun

  1. a decrease in the exchange value of a currency against gold or other currencies, brought about by a governmentCompare depreciation (def. 4)
  2. a reduction in value, status, importance, etc
n.

1898; see de- + valuation. Specific application to currency is from 1914.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

53 queries 1.136