de·mon·e·tize [ dee mónnə tz ](past and past participlede·mon·e·tized, present participlede·mon·e·tiz·ing, 3rd person present singularde·mon·e·tiz·es)
transitive verb
Definition:
1. cease minting coins in named metal: to stop using a particular metal to make coins
2. withdraw money from circulation: to withdraw units of money from circulation
[Mid-19th century. < French démonétiser "refrain from using money" < Latin moneta "money"]
