Definitions for: Demonetize


[v] deprive of value for payment; "demonetize a coin"



Webster (1913) Definition: De*mon"e*tize (?; see Monetary), v. t.
To deprive of current value; to withdraw from use, as money.

They [gold mohurs] have been completely demonetized by
the [East India] Company. --R. Cobden.

Synonyms: demonetise

See Also: devaluate, devalue

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