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demonetize

or (especially British) demonetise

[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.
Origin of demonetize
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. 2015.
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British Dictionary definitions for demonetize

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
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for demonetize
v.

1852, from French démonitiser, from de- (see de-) + monetiser (see monetize).

Online Etymology Dictionary, © 2010 Douglas Harper
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