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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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更新时间:2025/3/4 3:11:25