Demonetization: Definition Historical vs. Current Examples . . . That’s right: Governments can use a process called demonetization to render bills or coins worthless They may choose demonetization as a tool to fight inflation, counterfeiting, tax evasion, and money laundering, as well as to streamline trade among nations
demonetize - Wiktionary, the free dictionary demonetize (third-person singular simple present demonetizes, present participle demonetizing, simple past and past participle demonetized) (transitive) To withdraw the status of legal tender from a coin (etc ) and remove it from circulation
demonetize - WordReference. com Dictionary of English Business to divest (a monetary standard or the like) of value Business to withdraw (money or the like) from use to deprive (an issue of postage stamps) of validity by legal methods and without marking the stamps themselves Also, [esp Brit ,] de•mon′e•tise′ French démonétiser See de -, monetize de•mon′e•ti•za′tion, n