Dictionary Meaning and Definition on 'Demonetize'
Demonetize Meaning and Definition from WordNet (r) 2.0
v : deprive of value for payment; "demonetize a coin" [syn: demonetise]
- Demonetize \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.