de ‧ val ‧ ue /diːˈvæljuː/ BrE AmE verb
[ Word Family: noun : ↑ valuables , ↑ value , values, ↑ valuation , ↑ valuer , ↑ overvaluation ≠ UNDERVALUATION , ↑ devaluation ; adjective : ↑ valuable , ↑ invaluable , overvalued ≠ UNDERVALUED , ↑ valueless , ↑ valued ; verb : ↑ value , ↑ devalue , ↑ overvalue ≠ ↑ undervalue ]
1 . [intransitive and transitive] technical to reduce the value of one country’s money when it is exchanged for another country’s money:
Nigeria has just devalued its currency.
2 . [transitive] to make someone or something seem less important or valuable:
History has tended to devalue the contributions of women.
—devaluation /diːˌvæljuˈeɪʃ ə n/ noun [uncountable and countable] :
the devaluation of the pound