demonetization

demonetize

[dee-mon-i-tahyz, -muhn-]
verb (used with object), demonetized, demonetizing.
1.
to divest (a monetary standard or the like) of value.
2.
to withdraw (money or the like) from use.
3.
to deprive (an issue of postage stamps) of validity by legal methods and without marking the stamps themselves.
Also, especially British, demonetise.


Origin:
1850–55; < French démonétiser. See de-, monetize

demonetization, noun
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World English Dictionary
demonetize or demonetise (diːˈmʌnɪˌtaɪz)
 
vb
1.  to deprive (a metal) of its capacity as a monetary standard
2.  to withdraw from use as currency
 
demonetise or demonetise
 
vb
 
demoneti'zation or demonetise
 
n
 
demoneti'sation or demonetise
 
n

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