Definition of demonetize in English:

demonetize

(British demonetise)

verb diːˈmʌnɪtʌɪzdiˈmɑnəˌtaɪz

[with object]

Deprive (a coin or precious metal) of its status as money.
coins minted with the name and portrait of Emperor Caligula were demonetized after his death
Example sentencesExamples
- By 1908, however, silver had effectively been demonetized in Europe, and, although a number of countries could not offer full convertibility, in practice exchange rates were fixed in gold terms.
- In the United States, the Coinage Act of 1873 officially demonetized silver, legally confirming a gold-based currency that - because of silver's relatively high price - was already the de facto standard.
- It is not up to the governments to monetize or demonetize a commodity.
- They have, at least temporarily, demonetized Federal Reserve Notes,, by substituting chips.
- If gold was really to be demonetized, then the enormous stocks relative to flows would have to be dissipated first through consumption.
- There's talk of demonetizing the penny altogether.
- But by 4 February 1797, when the mandates were officially demonetized, the revolutionary experiment with paper money was at an end.

Derivatives

demonetization

noun diːˌmʌnɪtʌɪˈzeɪʃ(ə)n

mass noun

The withdrawal of a coin, note, or precious metal from use as legal tender.
the demonetization of the local currency will be completed by June
Example sentencesExamples
- The source of the problem was the initial demonetization of gold and silver which took place between 1913 and 1945.
- The demonetization of cowries or manillas (copper rods) provoked strong protest from people whose savings were in these forms, to such a degree, indeed, that the British were eventually forced to offer conversion facilities.
- In the initial stages it involved an attempt to reduce the value of gold and silver relative to banknotes, ultimately followed by a policy announcing the complete demonetization of gold and a phased series of reductions in silver.

Origin

Mid 19th century: from French démonétiser, from dé- (expressing reversal) + Latin moneta 'money'.

Definition of demonetize in US English:

demonetize

(British demonetise)

verbdiˈmɑnəˌtaɪzdēˈmänəˌtīz

[with object]usually be demonetized

Deprive (a coin, note, or precious metal) of its status as money.
coins minted with the name and portrait of Emperor Caligula were demonetized after his death
Example sentencesExamples
- It is not up to the governments to monetize or demonetize a commodity.
- They have, at least temporarily, demonetized Federal Reserve Notes,, by substituting chips.
- There's talk of demonetizing the penny altogether.
- If gold was really to be demonetized, then the enormous stocks relative to flows would have to be dissipated first through consumption.
- But by 4 February 1797, when the mandates were officially demonetized, the revolutionary experiment with paper money was at an end.
- By 1908, however, silver had effectively been demonetized in Europe, and, although a number of countries could not offer full convertibility, in practice exchange rates were fixed in gold terms.
- In the United States, the Coinage Act of 1873 officially demonetized silver, legally confirming a gold-based currency that - because of silver's relatively high price - was already the de facto standard.

Origin

Mid 19th century: from French démonétiser, from dé- (expressing reversal) + Latin moneta ‘money’.

单词	demonetize
释义	Definition of demonetize in English: demonetize (British demonetise) verb diːˈmʌnɪtʌɪzdiˈmɑnəˌtaɪz [with object] Deprive (a coin or precious metal) of its status as money. coins minted with the name and portrait of Emperor Caligula were demonetized after his death Example sentencesExamples By 1908, however, silver had effectively been demonetized in Europe, and, although a number of countries could not offer full convertibility, in practice exchange rates were fixed in gold terms. In the United States, the Coinage Act of 1873 officially demonetized silver, legally confirming a gold-based currency that - because of silver's relatively high price - was already the de facto standard. It is not up to the governments to monetize or demonetize a commodity. They have, at least temporarily, demonetized Federal Reserve Notes,, by substituting chips. If gold was really to be demonetized, then the enormous stocks relative to flows would have to be dissipated first through consumption. There's talk of demonetizing the penny altogether. But by 4 February 1797, when the mandates were officially demonetized, the revolutionary experiment with paper money was at an end. Derivatives demonetization noun diːˌmʌnɪtʌɪˈzeɪʃ(ə)n mass noun The withdrawal of a coin, note, or precious metal from use as legal tender. the demonetization of the local currency will be completed by June Example sentencesExamples The source of the problem was the initial demonetization of gold and silver which took place between 1913 and 1945. The demonetization of cowries or manillas (copper rods) provoked strong protest from people whose savings were in these forms, to such a degree, indeed, that the British were eventually forced to offer conversion facilities. In the initial stages it involved an attempt to reduce the value of gold and silver relative to banknotes, ultimately followed by a policy announcing the complete demonetization of gold and a phased series of reductions in silver. Origin Mid 19th century: from French démonétiser, from dé- (expressing reversal) + Latin moneta 'money'. Definition of demonetize in US English: demonetize (British demonetise) verbdiˈmɑnəˌtaɪzdēˈmänəˌtīz [with object]usually be demonetized Deprive (a coin, note, or precious metal) of its status as money. coins minted with the name and portrait of Emperor Caligula were demonetized after his death Example sentencesExamples It is not up to the governments to monetize or demonetize a commodity. They have, at least temporarily, demonetized Federal Reserve Notes,, by substituting chips. There's talk of demonetizing the penny altogether. If gold was really to be demonetized, then the enormous stocks relative to flows would have to be dissipated first through consumption. But by 4 February 1797, when the mandates were officially demonetized, the revolutionary experiment with paper money was at an end. By 1908, however, silver had effectively been demonetized in Europe, and, although a number of countries could not offer full convertibility, in practice exchange rates were fixed in gold terms. In the United States, the Coinage Act of 1873 officially demonetized silver, legally confirming a gold-based currency that - because of silver's relatively high price - was already the de facto standard. Origin Mid 19th century: from French démonétiser, from dé- (expressing reversal) + Latin moneta ‘money’.
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