What does devalue mean? - Definitions. net In macroeconomics and modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket
devalue verb - Definition, pictures, pronunciation and usage . . . Definition of devalue verb from the Oxford Advanced Learner's Dictionary [intransitive, transitive] (finance) (of money) to reduce in value when it is exchanged for the money of another country; to reduce the value of money in this way The local currency was rapidly devaluing