• The Philippines central bank demonetized the paper money printed during Ferdinand Marcos's administration.
• the demonetisation of silver a century ago
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In 2002 the currencies of twelve European countries were demonetized and replaced with the Euro.
This is a reminder about the imminent demonetization of the RM1000 currency notes.
A recent example of demonetization occurred when the nations of the European Monetary Union adopted the euro. In order to switch to the euro, authorities first fixed exchange rates for the varied national currencies into euros. When the euro was introduced, the old national currencies were demonetized. However, the old currencies remained convertible into euros for a while so that a smooth transition through demonetization would be assured.
1. демонетизация, лишение монеты стандартной стоимости (демонетизированная монета расценивается лишь по стоимости содержащегося в ней металла); обесценение
2. изъятие монеты из обращения
2) отмена свободной чеканки металла
3) изъятие из оборота полноценных денег
1) демонетизация; обесценивание монеты;
2) изъятие монеты из обращения, лишение её функции денег.
• Ending something (e.g. gold or silver) as no longer the legal tender of a country