devaluation
/diˌvæljuˈeɪʃən/
noun
- The official reduction of the value of a country's currency relative to other currencies.
- The central bank announced a 10% devaluation to help local manufacturers.
- The devaluation of the peso made foreign travel much more expensive.
- After the devaluation, the cost of imported goods rose sharply.
- A reduction in the worth or importance of something or someone.
- The constant devaluation of the environment for profit is short-sighted.
- She felt a sense of devaluation when her ideas were ignored.
- The devaluation of hard work in some cultures worries educators.
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