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  • Demonetization — is the act of stripping a currency unit of its status as legal tender. Demonetization is necessary whenever there is a change of national currency. The old unit of currency must be retired and replaced with a new currency unit. A recent example… …   Investment dictionary

  • demonetization — de*mon e*ti*za tion, n. The act of demonetizing, or the condition of being demonetized; specificially, the declaration by a government that something (e.g. gold or silver) is no longer the legal tender of a country; as, the demonetization of gold …   The Collaborative International Dictionary of English

  • demonetization — 1852, from Fr. démonétisation, from démonetiser (see DEMONETIZE (Cf. demonetize)) …   Etymology dictionary

  • demonetization — (Amer.) de·mon·e·ti·za·tion || diː‚mÊŒnɪtaɪ zeɪʃn n. act of removing money from circulation (also demonetisation) …   English contemporary dictionary

  • demonetization — demonetize de‧mon‧e‧tize [ˌdiːˈmʌntaɪz ǁ ˈmɑːn ] also demonetise verb [transitive] FINANCE to no longer allow the use of a particular coin or banknote as money: • The Philippines central bank demonetized the paper money printed during Ferdinand… …   Financial and business terms

  • Demonetization —    (1964, 1985, 1987)    An order of the government that revokes the legal tender status of currency notes, rendering them worthless. Burma under General Ne Win experienced three demonetizations: in May 1964, November 1985, and September 1987.… …   Historical Dictionary of Burma (Myanmar)

  • demonetization — demonetize (also demonetise) ► VERB ▪ deprive (a coin or precious metal) of its status as money. DERIVATIVES demonetization noun. ORIGIN French démonétiser, from Latin moneta money …   English terms dictionary

  • demonetization — noun see demonetize …   New Collegiate Dictionary

  • demonetization — See demonetize. * * * …   Universalium

  • demonetization — noun The act or process of demonetizing …   Wiktionary

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