demonetization


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de·mon·e·tize

 (dē-mŏn′ĭ-tīz′, -mŭn′-)
tr.v. de·mon·i·tized, de·mon·i·tiz·ing, de·mon·i·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 monēta, coin; see money.]

de·mon′e·ti·za′tion (-tĭ-zā′shən) n.
ThesaurusAntonymsRelated WordsSynonymsLegend:
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
References in periodicals archive ?
The House of Representatives is tapping the various district officers of lawmakers to help in the information dissemination campaign of the Bangko Sentral ng Pilipinas (BSP) on the demonetization schedule for old banknotes, which are being replaced by the New Generation Currency (NGC).
To avoid excessive demonetization, sterilization operations were reversed during this period.
This loss turned out not only to be one of demonetization of the local coinage but also of devaluation.
The year-over-year increases were mainly driven by the demonetization strategy and the launch of new online products such as SeerII.
A statement here on Wednesday said that this directive has been issued by SBP after it came to its notice that some commercial banks are issuing these banknotes despite their demonetization and SBPs clear instructions to surrender the demonetized banknotes to the nearest/linked field offices of SBP Banking Services Corporation (SBP BSC).
weak institutions, high transaction costs, demonetization of the national economies and institutional weakness (Mau, 1999 and Popov, 2012).