Definition of demonetize in English:

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demonetize

Pronunciation: /dēˈmänəˌtīz/

verb

[with object] (usually be demonetized)
Deprive (a coin or precious metal) of its status as money.
Example sentences
  • There's talk of demonetizing the penny altogether.
  • They have, at least temporarily, demonetized Federal Reserve Notes,, by substituting chips.
  • It is not up to the governments to monetize or demonetize a commodity.

Derivatives

demonetization

Pronunciation: /dēˌmänədəˈzāSH(ə)n/
Pronunciation: /dēˌmänəˌtīˈzāSH(ə)n/
noun
Example sentences
  • In the initial stages it involved an attempt to reduce the value of gold and silver relative to banknotes, ultimately followed by a policy announcing the complete demonetization of gold and a phased series of reductions in silver.
  • The demonetization of cowries or manillas (copper rods) provoked strong protest from people whose savings were in these forms, to such a degree, indeed, that the British were eventually forced to offer conversion facilities.
  • The source of the problem was the initial demonetization of gold and silver which took place between 1913 and 1945.

Origin

Mid 19th century: from French démonétiser, from dé- (expressing reversal) + Latin moneta 'money'.

For editors and proofreaders

Syllabification: de·mon·e·tize

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