Devaluation
/ˌdiːˌvæljuˈeɪʃn/noun
When a government reduces the value of its currency purposely.
The government's economic strategy included a planned devaluation of its currency.
Often appears as...
- currency devaluation
- planned devaluation
Usage tips
Formal
Academic
noun
Reducing the importance or value of something.
The consistent devaluation of the arts in school curriculum has long term consequences.
Often appears as...
- devaluation of arts
- devaluation of skills
noun
Decline in market value of a company or its shares.
The scandal led to a severe devaluation of the company's stock.
Often appears as...
- stock devaluation
- market devaluation
noun
When a government reduces the value of its currency purposely.
The government's economic strategy included a planned devaluation of its currency.
Often appears as...
- currency devaluation
- planned devaluation
Usage tips
Formal
Academic
noun
Reducing the importance or value of something.
The consistent devaluation of the arts in school curriculum has long term consequences.
Often appears as...
- devaluation of arts
- devaluation of skills
noun
Decline in market value of a company or its shares.
The scandal led to a severe devaluation of the company's stock.
Often appears as...
- stock devaluation
- market devaluation
Definition 1 of 3
Pro Tip 1/3Economic Strategy
Devaluation is often deliberate to boost exports by making them cheaper abroad.
Post devaluation, our exports have become competitive in the international market.
Pro Tip 2/3Government Action
The term suggests official action, not natural market movements.
The devaluation was announced by the treasury department.
Pro Tip 3/3Inflation Link
Devaluation can lead to inflation, as imports become more expensive.
After the devaluation, the price of imported goods rose sharply.
Compare with
cheapendebasedepreciatediminutiondiscountdowngradinglow
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Video examples
Why do we blame...
as a small, open economy. To balance the books, the Latvian government chose a strategy of internal devaluation. Now, in essence, that meant drastically reducing public budget spending, so, slashing public sector workers' wages, shrinking civil service,
Video examples
Why do we blame...
as a small, open economy. To balance the books, the Latvian government chose a strategy of internal devaluation. Now, in essence, that meant drastically reducing public budget spending, so, slashing public sector workers' wages, shrinking civil service,
Example 1 of 1
Quote examples
Joyce Banda
Politician
But the fact that we had to devalue by 40% at once means that Malawians are feeling the shock, the impact of that huge devaluation and particularly rural people, the poor are the ones that are going to be most affected. That is why there is the austerity plan.
Quote examples
Dennis Prager
American Journalist
In little more than a generation, feminism has obliterated roles. If you wonder why so many men choose not to get married, the answer lies in large part in the contemporary devaluation of the husband and of the father - of men as men, in other words.
Quote examples
Marilyn Hacker
American Poet
Given the devaluation of literature and of the study of foreign languages per se in the United States, as well as the preponderance of theory over text in graduate literature studies, creative writing programs keep literature courses populated.
Quote examples
Kurt Eichenwald
American Editor
Bitcoins can be traded or used for purchases, but only with those sellers who will accept them. Because it is a system independent of external meddling, there can be no sudden devaluation of Bitcoins through the actions of governments.
Quote examples
Baba Kalyani
Indian Businessman
Import and substituting imports with domestic production are a big opportunity. With a devaluation of the rupee, imports get expensive, and for Indian manufacturers, this creates a huge opportunity.
Quote examples
Klaus Schwab
German Economist
Sometimes, if a country's currency is overvalued in real terms, and it looks like the current account is going to be in deficit for the foreseeable future, devaluation can make sense.
Quote examples
Alberto Fernandez
Argentinian Politician
Mr. Macri's government caused damage similar to what Argentina suffered in 2001: a debt default, no foreign-currency reserves, a steep devaluation and increased poverty.
Quote examples
Steve Wynn
American Businessman
It's very difficult for the middle class in America to keep up because of the inflationary pressure and the devaluation of the dollar.
Quote examples
Jesmyn Ward
American Novelist
I can't stop thinking about the devaluation of black life, and I find it seeping into everything I write.
Quote examples
Lou Jiwei
Chinese Politician
Austerity policy without currency devaluation can only hamper economic growth.
Quote examples
Joyce Banda
Politician
But the fact that we had to devalue by 40% at once means that Malawians are feeling the shock, the impact of that huge devaluation and particularly rural people, the poor are the ones that are going to be most affected. That is why there is the austerity plan.
Quote examples
Dennis Prager
American Journalist
In little more than a generation, feminism has obliterated roles. If you wonder why so many men choose not to get married, the answer lies in large part in the contemporary devaluation of the husband and of the father - of men as men, in other words.
Quote examples
Marilyn Hacker
American Poet
Given the devaluation of literature and of the study of foreign languages per se in the United States, as well as the preponderance of theory over text in graduate literature studies, creative writing programs keep literature courses populated.
Quote examples
Kurt Eichenwald
American Editor
Bitcoins can be traded or used for purchases, but only with those sellers who will accept them. Because it is a system independent of external meddling, there can be no sudden devaluation of Bitcoins through the actions of governments.
Quote examples
Baba Kalyani
Indian Businessman
Import and substituting imports with domestic production are a big opportunity. With a devaluation of the rupee, imports get expensive, and for Indian manufacturers, this creates a huge opportunity.
Quote examples
Klaus Schwab
German Economist
Sometimes, if a country's currency is overvalued in real terms, and it looks like the current account is going to be in deficit for the foreseeable future, devaluation can make sense.
Quote examples
Alberto Fernandez
Argentinian Politician
Mr. Macri's government caused damage similar to what Argentina suffered in 2001: a debt default, no foreign-currency reserves, a steep devaluation and increased poverty.
Quote examples
Steve Wynn
American Businessman
It's very difficult for the middle class in America to keep up because of the inflationary pressure and the devaluation of the dollar.
Quote examples
Jesmyn Ward
American Novelist
I can't stop thinking about the devaluation of black life, and I find it seeping into everything I write.
Quote examples
Lou Jiwei
Chinese Politician
Austerity policy without currency devaluation can only hamper economic growth.
Example 1 of 10
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