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.
- Also especially British, de·mon·e·tise .
- 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 Nicholson
The demonetization of groceries is doing as much toward the general wiggly palsy of trade as anything I know of.Remarks | Bill Nye
The financial managers threw gold out of use and then urged its non-use as a reason for its demonetization.
But suppose there had been a general demonetization of gold instead of silver, how would the ratio have stood then?
And with this the people began to get at the true reason—the general demonetization by so many nations.
British Dictionary definitions for demonetize
to deprive (a metal) of its capacity as a monetary standard
to withdraw from use as currency
- 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