transitive verb-·tized·, -·tiz·ing
- to deprive (esp. currency) of its standard value
- to stop using (silver or gold) as a monetary standard
transitive verbde·mon·i·tized, de·mon·i·tiz·ing, de·mon·i·tiz·es
- To divest (a coin, for example) of monetary value.
- To stop using (a metal) as a monetary standard.
Origin of demonetizeFrench démonétiser dé- away from ( from Old French de- ; see de- . )Latin monēta coin ; see money .
(third-person singular simple present demonetizes, present participle demonetizing, simple past and past participle demonetized)
- To withdraw the status of legal tender from a coin (etc.) and remove it from circulation.