Demonetize

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Dictionary Meaning and Definition on 'Demonetize'

Demonetize Meaning and Definition from WordNet (r) 2.0
    demonetize v : deprive of value for payment; "demonetize a coin" [syn: demonetise]
Demonetize Meaning and Definition from Webster's Revised Unabridged Dictionary (1913)
    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.
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    • Demonetization of old peso notes: ‘Know your money’
      THE Banko Sentral ng Pilipinas (BSP) has asked Filipinos who are keeping their money under their beds, ‘baul’ or anywhere other than in banks, to have their peso savings changed to the new generation currency (NGC) series before the old notes are demonetized. Dexter Erick Demafeliz, senior research specialist at the BSP Cagayan de Oro... Read more on this news related to 'Demonetize'

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