Meaning & use
devaluation
Last updated
A reduction in the value or worth of something, especially the official lowering of a currency's value.
See it in a sentence
The government's sudden devaluation of the currency made imported goods far more expensive.
Years of neglect led to the devaluation of the historic neighborhood's property prices.
A note on using this word
Most often used in economics to describe a deliberate government action on a currency, distinct from 'depreciation,' which usually refers to a market-driven loss of value.
Words with a similar meaning
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Words with an opposite meaning
appreciationrevaluation
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