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demonetization::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Synonyms | demonetisation |
| Type of | conclusion, ending, termination |
| Derivation | demonetize |
Examples of demonetization
demonetization
Jones argues that the Latin Monetary Union involved a partial demonetization of silver.
From the en.wikipedia.org
A student-led response to the overnight demonetization of small bank notes in 1988 evolved into a massive pro-democracy protest.
From the washingtonpost.com
In December 2008 a Philippine Congress resolution called for the retirement and demonetization of all coins less than one peso.
From the en.wikipedia.org
It was in the immediate aftermath of Otto von Bismarck's victory against France that he began the process of silver demonetization.
From the en.wikipedia.org
The demonetization of silver by European and North American governments in the early 1870s was certainly a contributing factor.
From the en.wikipedia.org
With discovery of more and more silver reserves, those currencies based on gold continued to rise in value and those based on silver were declining due to demonetization of silver.
From the en.wikipedia.org
In 2009, the demonetization of the 1 and 2 cent coins was made official and a new coin set of 5, 10, 20, and 50 cent coins with reduced size was introduced.
From the en.wikipedia.org
- Ending something (e.g. gold or silver) as no longer the legal tender of a country
- (demonetize) deprive of value for payment; "demonetize a coin"
- Legal tender or forced tender is an offered payment that, by law, a creditor cannot refuse for the settlement of a debt while that debt remains payable. Currency is the most common form of legal tender.
- The act or process of demonetizing
- (demonetize) To withdraw the status of legal tender from a coin (etc.) and remove it from circulation; To declare ineligible or worthless as a medium of exchange or as legal tender
- (Demonetized) A stamp that has been declared no longer postally valid by the issuing authority.
- Government withdrawal of a form of currency from circulation e.g. a particular note, coinage, or precious metal.
- The abandonment of the use of a commodity as money. As one part of the demand for this commodity is lost, a part of its value in exchange declines; it loses some of its exchange value.
- The official act of declaring a note to be without value.
