Meaning of the word devaluation in English
What does devaluation mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
devaluation
US /ˌdiː.væl.juˈeɪ.ʃən/
UK /ˌdiː.væl.juˈeɪ.ʃən/
Noun
1.
the action of reducing the rate at which money can be exchanged for foreign money:
Example:
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The devaluation of the dollar had a strong effect on the financial markets.
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