The reduction in the value of a country’s currency of other nations is known as? by Sunday | Aug 1 | Economics WAEC | 0 comments A. deflation B. devaluation C. inflation D. revaluation Correct Answer: Option B – devaluation Users Also Read These:A person's deliberate decision to reduce the value…The reduction in the value of a country's currency…The reduction in the value of a country's currency…When the demand for foreign exchange exceeds its…The rate at which a country's currency is converted…