devaluación

devaluation

noun deh-bah-loo-ah-SYOHN Rare

Usage Note

Devaluación refers to the official reduction of a currency's value relative to other currencies, a decision made by a government or central bank. It is distinguished from depreciación (depreciation), which is a market-driven fall in value; in practice, the two terms are often used interchangeably in journalism. The verb is devaluar. In broader, non-economic use it means a reduction in perceived worth: la devaluación de los títulos universitarios.

Examples

"La devaluación del peso afectó a todos."

Natural Translation

The devaluation of the peso affected everyone.

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