devaluation
di val yooh ay shuhn
- 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
- n the reduction of something's value or worth
- After two years of comparative stability, some European currencies were so shaky last week that devaluation talk again filled the air.
- The threat of mass labor unrest apparently has leaders laying the groundwork for a major devaluation.
- The devaluation of the pound was followed by the equally traumatic devaluation of Harold Wilson and his government.