The minister's speech comes to this: the devaluATion is necessary AT present
The devaluation of the pound HAS put our estimates out by several thousands.
A devaluation causes the price of one currency to drop In relation to other currencies
Devaluation. Devaluation refers to a Reduction by the government of a country in the value of its own currency against other currencies.
after the devaluation there is a period of readjustment in the exchange rate.
Two other concepts related to the value of a currency are devaluation or revaluation
There's been a further devaluation of the dollar.