CURRENCY DEVALUATION
currency devaluation: translation
A deliberate downward adjustment in the official exchange rates established, or pegged, by a government against a specified standard, such as another currency or gold. Bloomberg Financial Dictionary
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currency devaluation ˈcurrency devaluˌation noun [countable, uncountable] FINANCE
1. when the value of a currency falls compared to the currency of other countries, causing imports to cost more and exports to be worth less:
• Mexico announced that it would slow down the rate of currency devaluation by 20%.
2. when a country decides to reduce the value of its currency, usually to help its economy:
• Recent currency devaluations by neighbouring countries have made Vietnam's exports less competitive.