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English definition of “currency deflation”

currency deflation

noun [U]
 
 
ECONOMICS a situation in which less money becomes available without a drop in production, causing prices to fall, production to slow down, and people to lose their jobs: Without proper honest controls, society suffers continual currency deflation and inflation. →  See also currency inflation , deflation , price deflation
(Definition of currency deflation from the Cambridge Business English Dictionary © Cambridge University Press)
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