What is another word for demonetize?
Pronunciation: [dˈɛmənɪtˌa͡ɪz] (IPA) 
When it comes to currency, demonetization is a process that involves withdrawing the legal tender status of certain notes or coins in circulation. However, demonetize is not the only word that can be used to describe this practice. Other synonyms for demonetize include devalue, discontinue, invalidate, disqualify, and decommission. All of these words suggest the removal of currency from circulation, often due to illegal or unethical activities. These actions are typically intended to combat corruption, inflation, and other economic issues that can arise when large quantities of unregulated currency are in circulation. Regardless of the specific word used, demonetization remains an important tool in the arsenal of governments and financial institutions around the world.
