Demonetize Definition

dē-mŏnĭ-tīz, -mŭn-
demonetized, demonetizing, demonetize
verb
demonetized
To deprive (esp. currency) of its standard value.
Webster's New World
To stop using (silver or gold) as a monetary standard.
Webster's New World

To withdraw the status of legal tender from a coin (etc.) and remove it from circulation.

Wiktionary
Synonyms:
demonetise

Origin of Demonetize

  • French démonétiser dé- away from (from Old French de- de–) Latin monēta coin money

    From American Heritage Dictionary of the English Language, 5th Edition

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