devaluation
/ˌdiːvaljʊˈeɪʃ(ə)n
/noun [mass noun]
1The reduction or underestimation of the worth or importance of something: the general devaluation of expertise in our culture [count noun]: his philosophical views led to a devaluation of the individual...
- This fundamental view can help to understand the process of valuation or devaluation in architecture.
- It was not, however, recognized by many country gentlemen, who bitterly resented this devaluation of their treasured status.
- In the most recent of these, Maybury argued that these trends reflect a continuing devaluation of women's accomplishments.
1.1 Economics The reduction in the official value of a currency in relation to other currencies: a financial crisis will result in severe devaluation of the country’s currency [count noun]: the pound has suffered a devaluation...
- The export ratio has not improved in 30 years despite many devaluations of the dollar.
- Indeed, it seems that many countries cannot end the spiral of debt and devaluation.
- Besides protecting against inflation and devaluation, there are compelling reasons for a country to decide to give up so much control over its economy.