devalorize

The government decided to devalorize the currency to boost exports.

Definition

1. Verb:
   • To reduce the value or worth of something: "devalorize" means to cause a decrease in the monetary value, importance, or status of something, especially currency.

Usage Examples

• (The government reduced the official value of its currency.)
• (The policy will diminish the perceived worth of their labour.)
• (Inflation reduces the purchasing power of saved money.)

Advanced Usage

• "to devalorize a currency": to officially lower the exchange rate or market value of a nation's money.

  • The central bank chose to devalorize the peso to boost exports. (The bank reduced the peso's value intentionally.)

• "to devalorize labor": to reduce the social or economic recognition of work.

  • Automation may devalorize human labour in certain industries. (Automation lessens the importance of manual work.)

Variants and Related Words

• Devalorization (noun): the process or act of reducing value.

  • The devalorization of the currency was sudden. (The reduction in value happened abruptly.)

• Devalorized (adjective): having been reduced in value.

  • Devalorized assets are often sold at a loss. (Assets that have lost value.)

Synonyms

• Devalue: to reduce the worth or importance of something.
• Depreciate: to decrease in value over time, often used for assets or currency.
• Downgrade: to lower in rank, status, or perceived value.

Related Idioms

• "to take the shine off": to reduce the attractiveness or value of something.
  • The scandal took the shine off his reputation. (It diminished his reputation's worth.)
• "to lose its luster": to become less valuable or impressive.
  • The once-thriving industry has lost its luster. (It has decreased in importance.)