Devaluing: meaning, definitions and examples
💸
devaluing
[ dɪˈvæljuɪŋ ]
economy
To reduce the official value of a currency in relation to other currencies, resulting in a decrease in its purchasing power.
Synonyms
debase, depreciate, depreciate
Examples of usage
- The government is devaluing the currency to boost exports.
- Devaluing the currency may lead to inflation.
- The decision to devalue the currency was met with mixed reactions.
Translations
Translations of the word "devaluing" in other languages:
🇵🇹 desvalorização
🇮🇳 मूल्य कम करना
🇩🇪 Entwertung
🇮🇩 devaluasi
🇺🇦 знецінення
🇵🇱 dewaluacja
🇯🇵 価値を下げること
🇫🇷 dévaluation
🇪🇸 devaluación
🇹🇷 devalüasyon
🇰🇷 가치 하락
🇸🇦 خفض القيمة
🇨🇿 devalvace
🇸🇰 devalvácia
🇨🇳 贬值
🇸🇮 devalvacija
🇮🇸 gildisrýrnun
🇰🇿 құнсыздандыру
🇬🇪 გაუფასურება
🇦🇿 devalvasiya
🇲🇽 devaluación
Word origin
The term 'devalue' originated in the early 20th century, stemming from the combination of 'de-' meaning to reduce or remove, and 'value' referring to the worth or importance of something. The concept of devaluing a currency has been used by governments as a tool to manage their economies, especially during times of economic instability, to boost exports and stimulate economic growth.
See also: devaluations.