devaluation
UK: ˌdiːvæljuˈeɪʃən | US: ˌdiːvæljuˈeɪʃən
n. the reduction or underestimation of the worth or importance of something
n. (Economics) the deliberate lowering of a currency's value relative to other currencies
devaluation = de<down/remove> + valu<worth> + ation<noun suffix>
- de<down/remove>: From Latin de-, meaning "down, away, or reversal."
- valu<worth>: From Latin valere, meaning "to be strong or of worth."
- ation<noun suffix>: A suffix forming nouns indicating an action or process.
Etymology Origin:
The word devaluation emerged in the early 20th century, combining de- (suggesting reduction) with value (from Latin valere). It originally described economic policies where a government intentionally lowers its currency's exchange rate. Over time, it broadened to metaphorically describe any diminishing of perceived worth.
The sudden devaluation of the currency caused inflation to soar.
Critics argue that the constant devaluation of art in modern society is concerning.
The company faced financial trouble after the devaluation of its assets.
Central banks sometimes use devaluation to boost exports.
His harsh comments led to a devaluation of her self-confidence.