Definitions

1. verb

to assign or give a monetary value to something that was previously free or not valued in monetary terms

“The city decided to remonetize the public transportation system by introducing a fare for commuters.”

2. verb

to restore or reintroduce a monetary system or economy in a place or area

“After the war, the government worked to remonetize the national economy and stabilize the currency.”

3. noun

the process or act of assigning or giving a monetary value to something that was previously free or not valued in monetary terms

“The remonetization of the city’s public art led to a significant increase in local tourism.”