adjective
- having had official monetary status or value removed
Usage: economics; finance
Examples
- The old currency was demonetized after the government reform.
- Demonetized coins are no longer accepted as legal tender.
- The central bank announced that certain banknotes would be demonetized.
- Citizens had to exchange their demonetized currency within the deadline.
- The demonetized bills became worthless overnight.
- Many people were caught off guard by the demonetized status of their savings.