devalue
verb
uk/ˌdiːˈvæljuː/ us [ I or T ] FINANCE, ECONOMICS
to reduce the rate at which one currency can be exchanged for another:
It caused a major crisis when the pound was devalued.
The banking system was in trouble before the government was forced to devalue.
[ I ] FINANCE, ECONOMICS
to become less valuable:
There are several reasons why the pound has devalued against the euro.
[ T ]
to make someone or something seem to be of less value or importance:
Let us not devalue the work that he has done.
Foreclosures devalue nearby homes and entire neighborhoods.