Devaluation 1 : A reduction in the value of the national currency, relative to other currencies. It is designed to improve the balance of payments situation, by making imports less attractive and exports more price competitive
Ulric Sealy (Compiler), Glossary of Industrial Relations and Related Terms and Concepts for Trade Unionists, International Labour Office, ISBN 92-2-113503-9, International Labour Organization ILO, First Ed. 2002, http://www.ilo.org/wcmsp5/groups/public/---america s/---ro-lima/---sro-port_of_spain/documents/public ation/wcms_224181.pdf, (Lbr Law and Ind Rltn - Brit) {782}