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English definition of “devaluation”

devaluation

noun [C or U]
 
 
/ˌdiːvæljuˈeɪʃən/ FINANCE, ECONOMICS
a reduction in the value of a currency compared to others: The devaluation of the dollar had a strong effect on the financial markets. Currency devaluation has inflationary consequences.
(Definition of devaluation from the Cambridge Business English Dictionary © Cambridge University Press)
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