What is another word for demonetize?

Pronunciation: [dˈɛmənɪtˌa͡ɪz] (IPA)

When it comes to currency, demonetization is a process that involves withdrawing the legal tender status of certain notes or coins in circulation. However, demonetize is not the only word that can be used to describe this practice. Other synonyms for demonetize include devalue, discontinue, invalidate, disqualify, and decommission. All of these words suggest the removal of currency from circulation, often due to illegal or unethical activities. These actions are typically intended to combat corruption, inflation, and other economic issues that can arise when large quantities of unregulated currency are in circulation. Regardless of the specific word used, demonetization remains an important tool in the arsenal of governments and financial institutions around the world.

Synonyms for Demonetize:

What are the hypernyms for Demonetize?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Usage examples for Demonetize

The Republicans in 1888 declared in favor of "the use of both gold and silver as money," and condemned "the policy of the Democratic administration in its efforts to demonetize silver."
"Contemporary American History, 1877-1913"
Charles A. Beard
Every government was compelled to demonetize it, for when once gold had fallen into contempt it was less valuable in the eyes of the public than stamped paper.
"The Moon Metal"
Garrett P. Serviss

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