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was devalued
verb
To lower or remove the value of something.
synonyms
Exact(59)
The US hung on, at huge economic cost, until 1934 when the dollar was devalued, while France, also at great cost, delayed its devaluation until 1936.
Prior to this, the most recent devaluation took place in 2007, when the bolivar was devalued and renamed the bolivar fuerte, or "strong bolivar".
The rouble was devalued by 75%.
On "Black Friday", in February 1983, the bolívar was devalued.
The zloty was devalued to allow for convertibility.
"But practically overnight – this was 1967 – the pound was devalued.
The lira, then Italy's currency, was in deep crisis (it was devalued that September).
After the Thai baht was devalued in July 1997, stockmarkets and currencies tumbled across Asia.
By contrast, in 1949 the pound was devalued and petrol and clothes rationed.
The tugrik was devalued at the beginning of 1993 and then floated on May 28.
"The Nobel Peace Prize was devalued when it was given to newly-elected Barack Obama.
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