devalue Meaning, definition in Cambridge English Dictionary
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Meaning of "devalue" - English Dictionary

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devalueverb

uk   us   /ˌdiːˈvæl.juː/

devalue verb (MONEY)

[I or T] to reduce the rate at which money can be exchanged for foreign money: Last year Mexico was forced to devalue the peso.

devalue verb (NOT VALUE)

[T] to cause someone or something to be considered less valuable or important: I don't want to devalue his achievement, but he managed to get a promotion without working very hard.
devaluation
noun [C or U] uk   us   /ˌdiː.væl.juˈeɪ.ʃən/
The devaluation of the dollar had a strong effect on the financial markets.
(Definition of devalue from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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