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to monetize
01
to officially make a specific currency the accepted and legal form of money in a country
Transitive: to monetize a currency
Example
Governments may monetize new currency notes to replace older ones and ensure their legal status.
The central bank plays a key role in monetizing coins and banknotes for circulation.
Example
The investor monetized a portion of his portfolio to fund the new business venture.
To address their cash flow problems, the startup chose to monetize some of its patents.
