Liberal Dictionary English Dictionary
noun
- an official lowering of the exchange value of a country’s currency relative to gold or other currencies.
- a reduction of a value, status, etc.
noun
- a decrease in the exchange value of a currency against gold or other currencies, brought about by a governmentCompare depreciation (def. 4)
- a reduction in value, status, importance, etc
1898; see de- + valuation. Specific application to currency is from 1914.
A policy undertaken by a nation to reduce the value of its national currency either in relation to gold or in relation to the currencies of other nations.