demonetize de‧mon‧e‧tize [ˌdiːˈmʌntaɪz ǁ -ˈmɑːn-] also demonetise verb [transitive]
FINANCE to no longer allow the use of a particular coin or banknote as money:

• The Philippines central bank demonetized the paper money printed during Ferdinand Marcos's administration.

— demonetization also demonetisation noun [uncountable] :

• the demonetisation of silver a century ago

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demonetize UK US (UK ALSO demonetise) /ˌdiːˈmɒnətaɪz/ verb [T]
ECONOMICS, FINANCE to officially stop using particular notes or coins, or a particular currency: »

In 2002 the currencies of twelve European countries were demonetized and replaced with the Euro.

demonetization (UK ALSO demonetisation) noun [U]

This is a reminder about the imminent demonetization of the RM1000 currency notes.

Financial and business terms. 2012.

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Look at other dictionaries:

  • demonetize — de*mon e*tize (?; see {Monetary}), v. t. To deprive of current value; to withdraw from use, as money. [1913 Webster] They [gold mohurs] have been completely demonetized by the [East India] Company. R. Cobden …   The Collaborative International Dictionary of English

  • demonetize — 1852, from Fr. démonitiser, from de (see DE (Cf. de )) + monetiser (see MONETIZE (Cf. monetize)) …   Etymology dictionary

  • demonetize — (Amer.) de·mon·e·tize || ‚diː mÊŒnɪtaɪz v. remove money from circulation; deprive of monetary value (also demonetise) …   English contemporary dictionary

  • demonetize — (also demonetise) ► VERB ▪ deprive (a coin or precious metal) of its status as money. DERIVATIVES demonetization noun. ORIGIN French démonétiser, from Latin moneta money …   English terms dictionary

  • demonetize — [dē män′ə tīz΄] vt. demonetized, demonetizing 1. to deprive (esp. currency) of its standard value 2. to stop using (silver or gold) as a monetary standard demonetization n …   English World dictionary

  • demonetize — transitive verb Etymology: French démonétiser, from dé de + Latin moneta coin more at mint Date: 1852 1. to stop using (a metal) as a monetary standard 2. to deprive of value for official payment • demonetization noun …   New Collegiate Dictionary

  • demonetize — demonetization, n. /dee mon i tuyz , mun /, v.t., demonetized, demonetizing. 1. to divest (a monetary standard or the like) of value. 2. to withdraw (money or the like) from use. 3. to deprive (an issue of postage stamps) of validity by legal… …   Universalium

  • demonetize — verb a) To withdraw the status of legal tender from a coin (etc.) and remove it from circulation. 1943 Post Office Department, U.S., A Description of United States Postage Stamps Issued by the Post Office Department from July 1, 1847, to April 1 …   Wiktionary

  • demonetize — or demonetise di: mʌnɪtʌɪz, mɒn verb deprive a coin or precious metal of its status as money. Derivatives demonetization noun Origin C19: from Fr. démonétiser, from dé (expressing reversal) + L. moneta money …   English new terms dictionary

  • demonetize — de·monetize …   English syllables

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