devalue

devaluation | Business English

devaluation
noun[ C or U ]
 FINANCE, ECONOMICSuk /ˌdiːvæljuˈeɪʃən/us
a reduction in the value of a currency compared to others:
The devaluation of the dollar had a strong effect on the financial markets.
Currency devaluation has inflationary consequences.

Examples of devaluation

devaluation
This too was in marked contrast to the conduct of planning before the devaluation.
There had been fears earlier in the year of a franc devaluation and of its likely sideeffects on sterling.
Optimistic (pessimistic) expectations involve a second-period equilibrium characterized by a low (high) probability of devaluation, which in turn validates the expectations.
With net foreign currency liabilities, devaluations erode net worth.
This addition would, however, make steady states (in the ensuing analyses) sensitive to permanent changes in the rate of devaluation or expansion of money supply.
The problem of managing sterling was actually greater in the period after devaluation than it had ever been before.
His conclusion was that devaluation was the solution, which went very much against the politics of the time - previous governments had tried to prevent devaluation.
This, in turn, caused the devaluation of the peso in the black market, aggravating inequities between those with access to dollars and those without.
The alternative of each country establishing its own regulation could give rise to problems akin to competitive devaluations.
However, the devaluation greatly stimulated timber exports, which led to greater forest degradation.
A switch to an outward-oriented strategy, based upon the export of labor-intensive manufactured goods, would have required devaluations so extreme as to be politically impossible.
The orthodox gold supporters attained a resumption of convertibility, but the voices for employment and against deflation attained a significant devaluation from the pre-war parity.
It hesitated to reduce interest rates after devaluation for fear of fuelling in-ation.
As inflation accelerated towards the end of 1947, however, persistent devaluation came to be blamed for contributing to adverse expectations and price instability.
The fiscal deficit kept interest rates high, inducing capital inflows that nearly offset the initial devaluation.
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