devaluation
🇺🇸
/ˌdiːˌvæljuˈeɪʃn/
🇬🇧
/ˌdiːˌvæljuˈeɪʃn/
When one country's money is worth less compared to another country's money.
The country's currency faced devaluation, making it weaker against the dollar.
When something is considered to be worth less or less important than it really is.
The devaluation of hard work in our society is concerning.