The word "devaluation" is correct and usable in written English.
It is a noun that means "the reduction of the value of something, typically the currency of a country." For example, "The country experienced dramatic economic decline following a sudden devaluation of its currency."
If Greece was not a member of the euro, but rather a struggling country in sub-Saharan Africa, the IMF remedy would be devaluation, debt relief and a welfare safety net to protect the most vulnerable.
The exchange rate of the national currency of Belarus plunged by 30% this week after the government completed its devaluation.
Mr Ashdown last night said resigning was 'a bit like announcing the devaluation of sterling,' in that it had to be denied until the last minute.
This internal devaluation has restored competitiveness back close to the start of the euro levels.
"Is it devaluation of the pearl or is it Mikimoto's dream come true?" said Chadour-Sampson.
Whether food banks or shoplifting or the devaluation of wages for British workers, the effect has been the same.
The previous reform programme, which our partners are so adamant should not be "rolled back" by our government, was founded on internal devaluation, wage and pension cuts, loss of labor protections, and price-maximising privatisation of public assets.
Today, a breakup of the world system would take a different form: the competitive devaluation of currencies in which large amounts of debt are held by other countries, or the closure of financial markets to certain countries.
He added that the rouble was getting back on its feet following a sharp devaluation last year, and estimated a full recovery to be "somewhere in the region of two years".
Bootle and Hinds say that Greece, too, would see tourism benefit from a cheaper currency, while the vast amount of unused capacity in the economy would limit the extent of the increase in inflation caused by the devaluation that would follow euro exit.
Despite Osborne's – and Vince Cable's – best efforts in the last parliament, China is still not a major market for British businesses: but if the authorities in Beijing decided on a drastic devaluation of the yuan, for example, exporters around the world would be hit — and potentially spark market chaos.
