1. a reduction in the official value of a currency in relation to other currencies
Usage: economics
2. a reduction in the worth, importance, or quality of something

Examples

• The government announced a 20% devaluation of the peso.
• Currency devaluation made exports more competitive but increased import costs.
• The devaluation of the dollar affected international trade.
• There has been a gradual devaluation of traditional values in society.
• The scandal led to a devaluation of the company’s reputation.
• Critics argued that the policy represented a devaluation of education.
• The devaluation of skilled labor has become a major concern.