What is "devaluated"

Usage examples of "devaluated".

He stopped the fire engines, the swan, and the stag, devaluated Rasputin's coins, sent Goethe back to the Mothers, sent four thousand dizzy little children floating off to Kasemerk, across the Vistula, to the kingdom of heaven -- and picked Oskar up from his sickbed, and lifted him up on a cloud of Lysol, that is to say, he disinfected me.

Lucy thought they sounded smugly technical, like devaluated currency or municipal bonds.

To the Enochist objection that such a policy devaluated Final Examination and true Commencement, it could now be answered that a bonafide Grand Tutor was in residence, whose function it would be to review and authenticate the status of any who presently claimed Candidacy or actual Graduateship, and to act as Examiner of all future Candidates.