demonetization
1Demonetization — is the act of stripping a currency unit of its status as legal tender. Demonetization is necessary whenever there is a change of national currency. The old unit of currency must be retired and replaced with a new currency unit. A recent example… …
2demonetization — de*mon e*ti*za tion, n. The act of demonetizing, or the condition of being demonetized; specificially, the declaration by a government that something (e.g. gold or silver) is no longer the legal tender of a country; as, the demonetization of gold …
3demonetization — 1852, from Fr. démonétisation, from démonetiser (see DEMONETIZE (Cf. demonetize)) …
4demonetization — (Amer.) de·mon·e·ti·za·tion || diË‚mÊŒnɪtaɪ zeɪʃn n. act of removing money from circulation (also demonetisation) …
5demonetization — demonetize de‧mon‧e‧tize [ˌdiːˈmʌntaɪz ǁ ˈmɑːn ] also demonetise verb [transitive] FINANCE to no longer allow the use of a particular coin or banknote as money: • The Philippines central bank demonetized the paper money printed during Ferdinand… …
6Demonetization — (1964, 1985, 1987) An order of the government that revokes the legal tender status of currency notes, rendering them worthless. Burma under General Ne Win experienced three demonetizations: in May 1964, November 1985, and September 1987.… …
7demonetization — demonetize (also demonetise) ► VERB ▪ deprive (a coin or precious metal) of its status as money. DERIVATIVES demonetization noun. ORIGIN French démonétiser, from Latin moneta money …
8demonetization — noun see demonetize …
9demonetization — See demonetize. * * * …
10demonetization — noun The act or process of demonetizing …