Definition of Devaluation
Devaluation
de·val·u·a·tion
Definition/Meaning
(noun)
A reduction in the value of a currency or asset.
e.g. The country's economy suffered from a severe devaluation of its 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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