Paying this debt off in today's dollars is inconceivable without devaluation.
Being seen on television could cut against that nagging sense of devaluation.
devaluation does nothing but boost exports by making them cheaper, which any business can do by simply reducing prices.
With all risk of devaluation apparently removed, capital poured in from abroad.
devaluation worked: the economy roared back to life.
It should also be clear that devaluation works if you can ensure that you're the only one that does it.
Now, of course, over the long run a perpetual programme of devaluation will make a currency worthless.
The clinching argument was the damage that a devaluation could wreak elsewhere.
devaluation might help exports but would also make it harder for households to pay back their foreign loans.
It made use of external devaluation, but it actually had to impose capital controls to limit the adjustment.
British Dictionary definitions for devaluation
devaluation
/diːˌvæljuːˈeɪʃən/
noun
1.
a decrease in the exchange value of a currency against gold or other currencies, brought about by a government Compare depreciation (sense 4)
2.
a reduction in value, status, importance, etc
Word Origin and History for devaluation
n.
1898; see de- + valuation. Specific application to currency is from 1914.
devaluation in Culture
devaluation definition
A policy undertaken by a nation to reduce the value of its national currency either in relation to gold or in relation to the currencies of other nations.