Definitions

1. verb

to remove the official status of a currency, rendering it no longer legal tender

“The government decided to demonetise the old currency to introduce a new, more efficient system.”

2. verb

to withdraw or devalue a currency’s status in a particular market or economy

“The central bank demonetised the currency, causing a significant decline in its value.”

3. noun

the act of removing the official status of a currency

“The demonetisation of the currency led to widespread economic instability.”

4. verb

to remove or withdraw something’s official status or recognition

“The company’s assets were demonetised after the financial crisis.”