devaluation

Definition of Devaluation in English :

1. devaluation

an official lowering of a nation's currency; a decrease in the value of a country's currency relative to that of foreign countries

2. devaluation

the reduction of something's value or worth

WordNet Lexical Database for English. Princeton University. 2010.

Devaluation

noun

1.

a decrease in the exchange value of a currency against gold or other currencies, brought about by a government

Compare depreciation (sense 4)

2.

a reduction in value, status, importance, etc

noun

1.

a.

a reduction in the amount or fineness of a metal, esp. gold, officially designated as the standard of value of a monetary unit

b.

an official lowering of the exchange value of a currency with reference to other currencies

2.

a lessening in value, importance, etc.

v. de·val·ued, de·val·u·ing, de·val·ues also de·valu·at·ed or de·val·u·at·ing or de·val·u·ates

v.tr.

1. To lessen or cancel the value of.

2. To lower the exchange value of (a currency) by lowering its gold equivalency.

v.intr.

To lower the exchange value of a currency by lowering its gold equivalency.