C1nounformalmoneypolitics
US/ˌdiː.væl.juˈeɪ.ʃən/
UK/ˌdiː.væl.juˈeɪ.ʃən/
an official decision to lower the value of a country's money compared with other currencies
In context
The government announced a devaluation of the currency on Friday.
Devaluation made the country's exports much cheaper for buyers abroad.
Many families lost savings after the sudden devaluation.
Words that go with devaluation
noun + noun
- currency devaluationCurrency devaluation raised the price of imports.
adjective + noun
- sharp devaluationA sharp devaluation shocked the markets.
verb + noun
- announce a devaluationThe bank may announce a devaluation next week.
- trigger a devaluationFalling exports could trigger a devaluation next year.
noun + preposition
- devaluation of the currencyThe devaluation of the currency hurt importers.