Definition of Devaluation
Devaluation
de·val·u·a·tion
Definition/Meaning
(noun)
the official reduction in value or worth of money;
e.g. A prolonged financial crisis in the country may lead to the devaluation of their currency.
(noun)
a decline or reduction in the worth or status of something;
e.g. They wanted to avoid the devaluation of having an associate's degree only.
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