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

devaluation

noun
 
/ˌdiːˌvæljuˈeɪʃn/
 
/ˌdiːˌvæljuˈeɪʃn/
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  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. [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
See devaluation in the Oxford Learner's Dictionary of Academic English
Check pronunciation: devaluation

Nearby words

alloy
noun
 
 
From the Topic
Physics and chemistry
C2
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