demonetize


de·mon·e·tize

verb \(ˌ)dē-ˈmä-nə-ˌtīz, -ˈmə-\

Definition of DEMONETIZE

transitive verb
1
:  to stop using (a metal) as a monetary standard
2
:  to deprive of value for official payment
de·mon·e·ti·za·tion \(ˌ)dē-ˌmä-nə-tə-ˈzā-shən, -ˌmə-\ noun

Origin of DEMONETIZE

French démonétiser, from dé- de- + Latin moneta coin — more at mint
First Known Use: 1852

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