devaluation

noun

de·​val·​u·​a·​tion (ˌ)dē-ˌval-yə-ˈwā-shən 

-yü-ˈā-

1

: an official reduction in the exchange value of a currency by a lowering of its gold equivalency or its value relative to another currency

2

: a lessening especially of status or stature : decline

Examples of devaluation in a Sentence

Recent Examples on the Web

In an era of rising inflation and unprecedented monetary stimulus, Bitcoin evangelists see it as a potential hedge against the devaluation of traditional currencies and bet on its recognition as a store of value worldwide. —Steven Dudash, Forbes, 30 Nov. 2024

Issues around that deal include minutiae like interest rates, tax concerns, the strength of the British pound, and a potential devaluation of the music due to Roger Waters’ frequently provocative political statements. —Daniel Kreps, Rolling Stone, 2 Oct. 2024

With the alarming inflation levels and the Naira's persistent underperformance and devaluations, bitcoin's stark contrast continues to present a haven for those on the ground. —Abubakar Nur Khalil, Forbes, 31 Oct. 2024

Demand remained high despite Iran's economic instability and currency devaluation, pushing up the prices of older devices. —Nina Turner, Newsweek, 30 Oct. 2024

Word History

First Known Use

1914, in the meaning defined at sense 1

Phrases Containing devaluation

• pre-devaluation

Legal Definition

devaluation

noun

de·​val·​u·​ation (ˌ)dē-ˌval-yə-ˈwā-shən 

1

: an official reduction in the exchange value of a currency by a lowering of its gold equivalency or its value relative to another currency

2

: a lessening of the value of something (as an asset)

portfolio devaluation