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 |
| an arrangement of five objects, as trees, in a square or rectangle, one at each corner and one in the middle. |
| a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes. |
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.