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demonetization

demonetization

8.6
The official removal of a type of money so people cannot use it to pay
  • noun
  • /ˌdiːˌmɒnɪtaɪˈzeɪʃən/
  • Formal
translation icon : desmonetización
  • White, L. H. (2017) "India's Failed Demonetization Program and Its Retreating Economic Defenders." Alt-M blog (September 28).

Examples

  • Many citizens were unprepared for the sudden demonetization of certain banknotes, leading to widespread protests.

  • Partial demonetization is coming for USD.

    Blog text (18)
  • Pointing out the potential responses to the policy change can give us an understanding of the qualitative nature of the effects of demonetization, but only gets us so far.

    Academic text (2018)
  • USD partial demonetization and an increasing role of the Yuan in central banks around the world will solve a lot of problems of trade income versus savings and the standard of living gap at the same time.

    Blog text (26)
  • Thus, the costs and benefits of policies to diminish tax evasion—like currency demonetization—are relevant and worth studying.

    Academic text (2018)
  • For tractability, my model does not distinguish currency from other forms of transaction media; the model's analog to currency demonetization is the analytical assumption that government monetary authorities can control how productive money is as a tax evasion device.

    Academic text (2018)
  • The government's recent demonetization effort resulted in the invalidation of old currency notes, causing confusion among the public.

  • Analysts are debating the long-term impacts of demonetization on the country's economy following the sudden removal of high-denomination bills.

Antonyms

reinstatement
  • Formal
16 5.8

An act of putting someone back into their previous job or position

monetization
  • Specialized
1 7.6

Making gold or silver the official money of a country

Surface Forms

Morphology

demonetization = demonetize (semi-transparent) = de + monet + ize + ation

The suffix '-ation' straightforwardly forms an action noun from the verb 'demonetize'.

Etymology

Demonetization comes from the parts de- 'remove' and monet 'money', the same root as the word money. So demonetization means officially taking away a coin or note's right to be used as money.