verb (used with object), de·mon·e·tized, de·mon·e·tiz·ing.
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.
Origin of demonetize
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
Examples from the Web for demonetize
Historical Examples of demonetize
The only result is to demonetize gold and to cause it to be hoarded or exported.
In 1652 an attempt was made to demonetize the vellon, June 25th, which was abandoned November 14th.A History of the Inquisition of Spain; vol. 4
Henry Charles Lea
to deprive (a metal) of its capacity as a monetary standard
to withdraw from use as currency
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