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demonetize

play
verb de·mon·e·tize \(ˌ)dē-ˈmä-nə-ˌtīz, -ˈmə-\

Definition of demonetize

  1. transitive verb
  2. 1 :  to stop using (a metal) as a monetary standard

  3. 2 :  to deprive of value for official payment

demonetization

play \(ˌ)dē-ˌmä-nə-tə-ˈzā-shən, -ˌmə-\ noun


Origin and Etymology of demonetize

French démonétiser, from dé- de- + Latin moneta coin — more at mint


First Known Use: 1852


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