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 demonetization exercise hit consumption, particularly in the first half of 2017.
The Commerce Department at Indian School Wadi Kabir organized'ECONOMIX ', an inter-school competition featuring a debate on the motion:'Demonetization- A Step in the Right Direction ' along with 'Fashion Gala ', a fashion show centered on the themes of Demonetization, Globalization and Bitcoins.
At the time of demonetization, I was a medical post graduate student, but even then it was evident that it played havoc with the medical profession.
During demonetization, a lot of SMEs which majorly dealt in cash felt helpless.
The data pertaining to the pre demonetization account balances and transactions conducted from the accounts of these companies during the demonetization period is even more startling.
11 -- The thick veil on the demonetization of 1000 and 500 rupee notes was finally removed by the 2017 annual report of the Reserve Bank of India (RBI).
Currently consumers are facing problems as there is a surfeit of high- value Rs 2000 notes which were printed in large numbers to replace the junked 500 and 1,000 rupee notes after the demonetization.
Shiv Sena member Sanjay Raut said it was claimed that demonetization would have positive effects on credit growth but that did not seem to be happening while there were also concerns related to banks cutting down staff.
This book examines demonetization in India, the reasons for it, and the use of digital technology in encouraging cashless/electronic transactions.
Bhutan has been taking up the issue of currency ban with India ever since the PM's announcement on demonetization as the kingdom is also facing the crisis of cash crunch.
To a question, he said, the SBP for benefit of general public, has already supplied posters in both English & Urdu languages on demonetization and exchange of Rs 500 old design (bigger size) bank note to SBP Banking Services Corporation and all banks for their placement at prominent visible places in their field offices, branches and public places.