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demonetization

   Also found in: Encyclopedia 0.01 sec.
de·mon·e·tize  (d-mn-tz, -mn-)
tr.v. de·mon·e·tized, de·mon·e·tiz·ing, de·mon·e·tiz·es
1. To divest (a coin, for example) of monetary value.
2. To stop using (a metal) as a monetary standard.

[French démonétiser : dé-, away from (from Old French de-; see de-) + Latin monta, coin; see money.]

de·mone·ti·zation (-t-zshn) n.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.demonetization - 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"
monetisation, monetization - establishing something (e.g. gold or silver) as the legal tender of a country
Translations
demonetization [diːˌmʌnɪtaɪˈzeɪʃən] Ndesmonetización f


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? Mentioned in ? References in periodicals archive
 
For ordinary people, economic insecurity was made worse by the regime's arbitrary policies (the demonetization without compensation of September 1987, which wiped out ordinary people's savings and sparked the first student demonstrations in over a decade).
The ongoing demonetization of Special Drawing Rights (SDR) certificates, discussed in last year's report, drained $4 billion from the supply of Fed balances.
No decisions have been made, except that there will be no recall or demonetization of existing currency.
 
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