Definition, Meaning & Synonyms
devaluation
Noun
/ˌdiːˈvæljuːˈeɪʃən/
Definition
The reduction or lowering of the value of a currency in relation to other currencies.
Examples
- After the devaluation of the national currency, imports became significantly more expensive.
- The government’s decision to implement devaluation was aimed at boosting exports.
- Economists debated the potential impacts of the devaluation on the country’s economy.
Meaning
Devaluation refers to the deliberate decrease in the value of a country’s currency, making its goods and services cheaper for foreign buyers while potentially making imports more expensive for domestic consumers.
Synonyms
- depreciation
- reduction
- fall
