devaluation

Plural: devaluations

Noun

• an official lowering of a nation's currency; a decrease in the value of a country's currency relative to that of foreign countries
• the reduction of something's value or worth
• The removal or lessening of something's value.
• The intentional or deliberate lowering of a currency's value compared to another country's currency or a standard value (e.g. the price of gold).
• Depreciation.