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demonetize

[dee-mon-i-tahyz, -muhn-] /diˈmɒn ɪˌtaɪz, -ˈmʌn-/
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
1850-1855
1850-55; < French démonétiser. See de-, monetize
Related forms
demonetization, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for de monetize

demonetize

/diːˈmʌnɪˌtaɪz/
verb (transitive)
1.
to deprive (a metal) of its capacity as a monetary standard
2.
to withdraw from use as currency
Derived Forms
demonetization, demonetisation, noun
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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