demonetize
to divest (a monetary standard or the like) of value.
to withdraw (money or the like) from use.
to deprive (an issue of postage stamps) of validity by legal methods and without marking the stamps themselves.
Origin of demonetize
1- Also especially British, de·mon·e·tise .
Other words from demonetize
- de·mon·e·ti·za·tion, noun
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use demonetize in a sentence
He's our greatest authority on the demonetization of wampum.
The Main Chance | Meredith NicholsonThe demonetization of groceries is doing as much toward the general wiggly palsy of trade as anything I know of.
Remarks | Bill NyeThe financial managers threw gold out of use and then urged its non-use as a reason for its demonetization.
If Not Silver, What? | John W. BookwalterBut suppose there had been a general demonetization of gold instead of silver, how would the ratio have stood then?
If Not Silver, What? | John W. BookwalterAnd with this the people began to get at the true reason—the general demonetization by so many nations.
If Not Silver, What? | John W. Bookwalter
British Dictionary definitions for demonetize
demonetise
/ (diːˈmʌnɪˌtaɪz) /
to deprive (a metal) of its capacity as a monetary standard
to withdraw from use as currency
Derived forms of demonetize
- demonetization or demonetisation, noun
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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