devaluation
noun/diˌvæljuˈeɪʃən/
Frequency rank: #14,179 of 20,003 in the WORDED list (wordfreq data)
Meaning
A reduction in the official value of a currency in relation to other currencies.
Example sentence
The government's decision to allow devaluation of the currency led to higher prices for imported goods.
Synonyms & related words
- depreciation
- debasement
- decline
- weakening
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