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devaluation definition

de·valu·a·tion (dē val′yo̵̅o̅ ā′s̸hən)

noun

    1. a reduction in the amount or fineness of a metal, esp. gold, officially designated as the standard of value of a monetary unit
    2. an official lowering of the exchange value of a currency with reference to other currencies
  2. a lessening in value, importance, etc.

Webster's New World College Dictionary Copyright © 2005 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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