Devaluation (Noun)
Meaning 1
The reduction of something's value or worth.
Classification
Nouns denoting acts or actions.
Hypernyms
Related Words
Meaning 2
An official lowering of a nation's currency; a decrease in the value of a country's currency relative to that of foreign countries.
Classification
Nouns denoting acts or actions.
Examples
- The government's decision to devaluation the national currency was a desperate attempt to stimulate exports and revive the struggling economy.
- Experts warned that the devaluation of the peso would lead to inflation and decreased purchasing power for citizens.
- The sudden devaluation of the yuan against the US dollar sent shockwaves through the global financial markets.
- The country's devaluation of its currency was seen as a competitive move to undercut its neighbors and gain an advantage in international trade.
- The devaluation of the rupee in 2013 led to a sharp increase in foreign investment in the country as investors sought to take advantage of the favorable exchange rates.