definition
The removal or lessening of something's value.
definition
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).
definition
Depreciation.
I mean who gives a toss about the transfer between funds to reflect the straight line devaluation of the fixed asset.
If the price of pounds is higher than the market can bear, central bank intervention will eventually fail to prevent a devaluation.
It had a similar massive devaluation against the dollar.
Always a maverick, he had called for a sharp devaluation of the Russian ruble before the August 1998 financial meltdown.
Credibility demands that the realignment be large enough to make negligible the risk of a further, early devaluation of the pound.
Economic and political conditions abroad had eased as a constraint since October, but this survey was completed before the recent Brazilian devaluation.
It only takes a slump or a sudden currency devaluation to bring back the pain of the 1980s.
So the dollar devaluation is key to understanding the imbalances that led the UK to recession after the Lawson boom.
Many of the businessmen who were campaigning to join the euro really meant that they wanted a sterling devaluation.
Then in January speculators forced devaluation on the country anyway.
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