devaluation

Definition

A substantial drop in the value of a currency, relative to the price of gold or the currencies of other countries.

Use devaluation in a sentence

The devaluation of the currency lead me to have some feelings about it that we not very positive at all.

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The citizens of Venezuela prepared themselves for great price increases after the devaluation of the Bolivar by their president, Chavez.

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The devaluation of the russian ruble has resulted in dramatic effects including decreased russian tourists visiting the United States of America.

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