word
Currency Devaluation
KER-en-see dee-val-yoo-AY-shun
/ˈkɜːrənsiː diːˌvæljuːˈeɪʃən/Listen
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Syllable breakdown
currencydevaluation
Dictionary meaning
Deliberate reduction of a currency's value relative to others — makes exports cheaper and imports more expensive; used to boost economic competitiveness; risks inflation; competitive devaluations (currency wars) can spiral into global trade conflicts
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