Meaning of demonetize
Pronunciation: (dē-mon'i-tīz", -mun'-), [key]
— -tized, -tiz•ing.
- to divest (a monetary standard or the like) of value.
- to withdraw (money or the like) from use.
- to deprive (an issue of postage stamps) of validity by legal methods and without marking the stamps themselves.
- demonetize (Thesaurus)