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demonetize
de·mon·e·tize [ dee mónnə tz ] (past and past participle de·mon·e·tized, present participle de·mon·e·tiz·ing, 3rd person present singular de·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"]

de·mon·e·ti·za·tion [ dee mònnəti záysh'n ] noun
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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