demonetize

demonetize Definition

de·mon·etize (dē män′ə tīz′)

transitive verb demonetized -·tized′, demonetizing -·tiz′·ing

to deprive (esp. currency) of its standard value
to stop using (silver or gold) as a monetary standard

Related Forms:

demonetization de·mon′·eti·za′·tion noun

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