to devaluate
- verb
- /ˌdiːˈvæljʊeɪt/
- Specialized
- The government decided to devaluate the currency to improve exports.
Examples
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And at the time the president of the US was Richard Nixon, by the way, they were devaluating the dollar.
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And at the time the president of the US was Richard Nixon, by the way, they were devaluating the dollar.
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After the decision to devaluate the dollar, prices of imported goods rose significantly.
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Many locals were concerned when the central bank announced plans to devaluate their money.
Synonyms
To lose value, especially a country's money compared to other money
To lose value over time, especially money or assets
Become worth less over time
Antonyms
How Devalued
Surface Forms
Morphology
Etymology
Devaluate has the first part de- meaning 'down' and the rest value meaning 'worth', as in evaluate. So, when a country or an economy devaluates its currency, it is making that money worth less compared with other currencies.