Meaning of devaluation

de•val•u•a•tion

Pronunciation: (dē-val"y-ā'shun), [key]
— n.
  1. an official lowering of the exchange value of a country's currency relative to gold or other currencies.
  2. a reduction of a value, status, etc.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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