verb (used with object), de·mon·e·tized, de·mon·e·tiz·ing.

  1. to divest (a monetary standard or the like) of value.
  2. to withdraw (money or the like) from use.
  3. to deprive (an issue of postage stamps) of validity by legal methods and without marking the stamps themselves.

verb (tr)

  1. to deprive (a metal) of its capacity as a monetary standard
  2. to withdraw from use as currency

1852, from French démonitiser, from de- (see de-) + monetiser (see monetize).

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