Devaluation
(noun)
- The act of reducing the value of a currency in relation to other currencies.
- The process of reducing the intrinsic or perceived value of something.
Origin:
From french dévaluation, from dévaluer ("to devalue") from de- ("away from") + valuer ("to value"), from latin valere ("to be worth").
Examples:
- The country's economy suffered due to the devaluation of its currency.
- The devaluation of the currency made imports more expensive.
- The company's stock experienced a devaluation after the scandal broke.
- The devaluation of the property market caused many people to lose a lot of money.
- The devaluation of the brand was caused by poor management.