ECONOMICS,FINANCEtoofficiallystopusingparticularnotesorcoins, or aparticularcurrency:In 2002 thecurrenciesof twelveEuropeancountrieswere demonetized andreplacedwith theEuro.
demonetization
noun[U](UKalsodemonetisation)This is areminderabout theimminentdemonetization of the RM1000currencynotes.(Definition ofdemonetizefrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofdemonetize
demonetizeDuring this period, rice prices were unstable due to heavy fluctuation of currency values, and other local prices fluctuated as well, so it was best todemonetizeinputs and outputs.From theCambridge English CorpusBy such means we can avoid the many obvious difficulties and disadvantages of proposing that the old money, gold, should be demonetized.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0As such, legislation was passed in the individual territories todemonetizethe silver dollars.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.And in 1876, legislation was passed todemonetizethe silver dollars for fear of them returning.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/demonetize##
