or demonetise (diːˈmʌnɪˌtaɪz), demonetarize or demonetarise (diːˈmʌnətəˌraɪz)
verb(transitive)
1.
to deprive (a metal) of its capacity as a monetary standard
2.
to withdraw from use as currency
Derived forms
demonetization (deˌmonetiˈzation) or demonetisation (deˌmonetiˈsation) or demonetarization (deˌmonetariˈzation) or demonetarisation (deˌmonetariˈsation)
noun
demonetize in American English
(diˈmɑnəˌtaɪz)
verb transitiveWord forms: deˈmoneˌtized or deˈmoneˌtizing
1.
to deprive (esp. currency) of its standard value
2.
to stop using (silver or gold) as a monetary standard