0 the action of reducing the rate at which money can be exchanged for foreign money: --
1 the action of causing someone or something to be considered less valuable or important: --
The existence of slavery represents a devaluation of human life.
Does staying at home as a mother just encourage the devaluation of women professionally?
2 a reduction in the value of a currency compared to others: --
Currency devaluation has inflationary consequences.
The devaluation of the dollar had a strong effect on the financial markets.
The fiscal deficit kept interest rates high, inducing capital inflows that nearly offset the initial devaluation.
As inflation accelerated towards the end of 1947, however, persistent devaluation came to be blamed for contributing to adverse expectations and price instability.
It hesitated to reduce interest rates after devaluation for fear of fuelling in-ation.
The orthodox gold supporters attained a resumption of convertibility, but the voices for employment and against deflation attained a significant devaluation from the pre-war parity.
A switch to an outward-oriented strategy, based upon the export of labor-intensive manufactured goods, would have required devaluations so extreme as to be politically impossible.
However, the devaluation greatly stimulated timber exports, which led to greater forest degradation.
The alternative of each country establishing its own regulation could give rise to problems akin to competitive devaluations.
This, in turn, caused the devaluation of the peso in the black market, aggravating inequities between those with access to dollars and those without.