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What is another word for demonetization?

Pronunciation: [dˌɛmənɪta͡ɪzˈe͡ɪʃən] (IPA)

Demonetization is defined as the act of stripping a currency unit of its status as legal tender. There are a variety of synonyms that can be used to describe this process, including currency recall, currency overhaul, monetary reform, and coin debasement. Other options include money cancellation, currency devaluation, and asset declassification. In some cases, the term financial purging may also be used to describe the act of removing certain currency units from circulation. Regardless of the phrasing used, demonetization is typically seen as a drastic measure taken by governments to address issues such as inflation, corruption, and financial instability within their economies.
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Synonyms for Demonetization:

What are the hypernyms for Demonetization?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the opposite words for demonetization?

The antonyms for the word "demonetization" are "monetization" and "remonetization." Monetization is the process of introducing new currency notes into circulation or converting a non-monetary asset into cash. On the other hand, remonetization refers to the restoration of a currency system that has been disrupted or damaged due to some reasons. Both these antonyms signify the opposite of demonetization, which is the withdrawal of an existing currency system from circulation. While demonetization is meant to curb the circulation of counterfeit currency and black money, monetization and remonetization aim to provide easy access to cash and stabilize the economy.

What are the antonyms for Demonetization?

Usage examples for Demonetization

An Act went into effect on February 12, 1873, the provisions of which, it was afterwards argued, caused the "demonetization" of silver.
"A History of the Republican Party"
George Washington Platt
This demonetization had already occurred in 1853, when nothing was said in the Act of that year as to the silver dollar piece which had for some years entirely disappeared from circulation.
"A History of the Republican Party"
George Washington Platt
"Gold and silver when produced are simply the measures of the labor required to produce them; they are labor made imperishable; and when either is destroyed-and demonetization is destruction-just so much labor is destroyed, and you who work have to make up the loss by working more hours for a dollar.
"The Comstock Club"
Charles Carroll Goodwin

Famous quotes with Demonetization

  • We know well enough that if we repeal this law and give nothing for it, the people of this country will regard it as a total demonetization of silver, which it will be, so far as this Congress is concerned, without any question.
    Richard Parks Bland

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