verb
- past tense of remonetize; to restore something as legal tender or give it monetary value again
Usage: economics; finance
Examples
- The government remonetized silver coins after the economic crisis.
- Gold was remonetized by several countries during the financial upheaval.
- The central bank remonetized the old currency notes.
- After years of being worthless, the bonds were remonetized.
- The treasury remonetized copper pennies to address the coin shortage.
- Several nations remonetized precious metals as backing for their currencies.