demonetize
de
ˈdɛ
de
mo
ne
ni
tize
ˌtaɪz
taiz
British pronunciation
/dˈɛmənɪtˌaɪz/
demonetise

Definition & Meaning of "demonetize"in English

to demonetize
01

to cease to use something as a legal currency or declare it invalid for transactions

example
Examples
The company decided to demonetize its old gift cards to introduce a new, updated system.
Some countries have chosen to demonetize certain coins due to their high production costs.
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