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Meaning of devalue

de•val•ue

Pronunciation: (dē-val'y), [key]
— v., -val•ued, -val•u•ing.
—v.t.
  1. to deprive of value; reduce the value of.
  2. to fix a lower value on (a currency).
—v.i.
  1. to undergo devaluation: The currency has devalued at a rapid rate.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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