English

Definition of devaluation noun from the Oxford Advanced Learner's Dictionary

     

    devaluation

     noun
    noun
    BrE BrE//ˌdiːˌvæljuˈeɪʃn//
     
    ; NAmE NAmE//ˌdiːˌvæljuˈeɪʃn//
     
     
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  1. 1[countable, uncountable] (finance) a reduction in the value of the money of one country when it is exchanged for the money of another country There has been a further small devaluation against the dollar. opposite revaluation
  2. 2[uncountable] the act of giving a lower value to something or making it seem less important than it really is the general devaluation of expertise in our culture