de-valuation

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.

Origin:
1910–15; devaluate + -ion

minidevaluation, noun
postdevaluation, adjective
predevaluation, noun, adjective
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Collins
World English Dictionary
devaluation (diːˌvæljuːˈeɪʃən)
 
n
1.  Compare depreciation a decrease in the exchange value of a currency against gold or other currencies, brought about by a government
2.  a reduction in value, status, importance, etc

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

devaluation
1898, from de- + valuation. Specific application to currency is from 1914.
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Cultural Dictionary

devaluation definition


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.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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