devaluation
nounUK /ˌdiː.væl.juˈeɪ.ʃən/
US /ˌdiː.væl.juˈeɪ.ʃən/
Devaluation is when something becomes worth less than it was before.
The devaluation of the currency made imported toys cost more.
OTHER MEANINGS
2. A government's official lowering of the value of its country's money compared to other currencies.
The country's devaluation helped its exports but raised prices at home.
3. The act of speaking of someone or something as less important or valuable.
Constant criticism led to the devaluation of her confidence.
4. A loss of respect or status for a person, idea, or achievement.
The devaluation of the award upset the winners.