Longman Dictionary of Contemporary English homepage

devalue

verb
     
Related topics: Currencies
de‧val‧ue
1 [intransitive and transitive] technicalPEC to reduce the value of one country's money when it is exchanged for another country's money:
Nigeria has just devalued its currency.
2 [transitive] to make someone or something seem less important or valuable:
History has tended to devalue the contributions of women.
devaluation noun [uncountable and countable]
the devaluation of the pound

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