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Demonetization

//diˌmɑn.ə.taɪˈzeɪ.ʃən// noun

Definitions

Noun
  1. 1
    The act or process of demonetizing (withdrawing as legal tender). countable, uncountable

    "The current spiral in prices — 20 per cent in the last year — has been attributed to the wide circulation of “black money.” The official committee recommended demonetization on the assumption that “black money” is generally kept in stacks of 100‐rupee and 1,000‐rupee notes."

  2. 2
    ending something (e.g. gold or silver) as no longer the legal tender of a country wordnet
  3. 3
    The act or process of demonetizing (making content ineligible to earn money). Internet, countable, uncountable

Etymology

From French démonétisation.

See also for "demonetization"

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