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.

What does it mean to devalue someone?

transitive to treat someone or something as if they are not important. People who are unemployed tend to feel devalued. Synonyms and related words. To treat someone unfairly.

What devaluation means?

Devaluation is the deliberate downward adjustment of the value of a country's money relative to another currency, group of currencies, or currency standard. ... It is often confused with depreciation and is the opposite of revaluation, which refers to the readjustment of a currency's exchange rate.