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Noun1.demonetisation - ending something (e.g. gold or silver) as no longer the legal tender of a country
ending, termination, conclusion - the act of ending something; "the termination of the agreement"
References in periodicals archive ?
The Reserve Bank of Zimbabwe has established June 15th as the date when demonetisation of the Zimbabwe dollar begins, running until September 31st.
RESERVE Bank of India ( RBI) governor Raghuram Rajan has said that the Central bank's order withdrawing all currency notes printed before 2005 is not an attempt at demonetisation nor does it if have anything to do with the forthcoming general elections.
Banks have also been asked to widely publicise the extension of date for the exchange only (up to December 31, 2012) and demonetisation of Rs 5 banknote from January 1, 2012, in line with their respective advertisement policies for the awareness and facilitation of general public, and issue necessary instructions to all their branches for implementation of these instructions in letter and spirit.
It reads: "The reasons that have led us to this conclusion are that the coin is obsolete (in fact it has been for a number of years) and that demonetisation will enable us to recover the quite valuable stock of metal that is locked up in sixpenny bits.
If we continue to believe that the recession, which has worsened since autumn 2008 and whose impact we have reconsidered, is an aggravating but passing factor, this decreased growth is above all the result of more structural pressures weighing on the world telecommunications market, namely the fact that certain markets which have long been driving forces have reached maturity (notably mobile markets in economically advanced countries), the effects of the substitution and/or demonetisation of applications, competitive and/or regulatory pressures, etc.
The relative dominance of capital markets combined with the legacies of an earlier period of demonetisation relieves the Russian authorities of dealing with any considerable contingent liabilities resulting from accumulated non-performing loans in the banking sector.
But the Roman withdrawal from Britain was followed, by about 435, by the demonetisation of society.