demonetization

[dee-mahn-i-tahyz-ay-shuhn]

noun

1. the act of demonetizing a monetary standard, coin, or bill.

2. the act of demonetizing online content or products.

Example Sentences

Older Myanmar residents are especially sensitive to changes affecting the currency, recalling the sudden demonetization of banknotes in 1987 during an earlier dictatorship, which reportedly affected around 80% of the money in circulation.

Read more on Seattle Times

After that sudden demonetization, A.T.M.s were overrun, and some retail businesses came to a standstill because customers were hoarding the little cash they had.

Read more on New York Times

“India’s strategy of rapid demonetization has obviously fallen short, because it was unnecessarily abrupt and secretive,” wrote Jeffrey Frankel, an economics professor at Harvard’s Kennedy School at the time.

Read more on Washington Post

A lot of it comes down to the algorithm itself, the functions around demonetization, content restriction, or content ID.

Read more on The Verge

The company has used demonetization to both punish risky creators and to keep advertisers happy to avoid an “adpocalypse.”

Read more on The Verge