devaluation devaluation  /dɪ ˌvæl ju ˈeɪ ʃən/

Definition(s):

  1. (n) an official lowering of a nation's currency; a decrease in the value of a country's currency relative to that of foreign countries
  2. (n) the reduction of something's value or worth

Derived Word(s)

Usage(s):

  1. The devaluation of the pound was followed by the equally traumatic devaluation of Harold Wilson and his government.
  2. The threat of mass labor unrest apparently has leaders laying the groundwork for a major devaluation.
  3. Devaluation now would simply give them a temporary breathing spell and let them go on in the same way until they faced another devaluation.

News

  • For all the angst about Abenomics, South Korea actually looks ok

    South Korea upgraded its 2013 growth forecast from 2.3% to 2.7% on Thursday. For all the worry that Japan’s devaluation of its currency was going to cripple South Korea’s export-dependent economy, Asia’s ...
    on June 27, 2013     Source: Quartz via Yahoo! Finance

Quotes

  1. Andrei Illarionov, a former Kremlin adviser and now a government critic, told reporters Monday that "the Central Bank, to safeguard itself, made a decision to start a devaluation, a soft devaluation of the ruble."
    on Oct 20, 2008 By: Andrei Illarionov Source: International Herald Tribune

  2. "The issue is currency devaluation, and the worry is that it essentially lowers our credibility in the world," said Office Depot Inc CEO Steve Odland in an interview with Reuters on the sidelines of the conference.
    on Oct 18, 2009 By: Steve Odland Source: Reuters India

  3. "We do not and will not support any changes to or devaluation of the tradition status of marriage as the foundation, indeed the bedrock of our society," Dr Nelson said. "It may be the consequence (of these bills). Acceptance that people who...
    on Jun 4, 2008 By: Brendan Nelson Source: Sydney Morning Herald

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