demonetize (Meaning)

Wordnet

demonetize (v)

deprive of value for payment

Webster

To deprive of current value; to withdraw from use, as money.

The government's decision to demonetize high-value currency notes was met with both praise and criticism.
The central bank announced plans to demonetize certain denominations to combat counterfeit currency.
Citizens rushed to banks to exchange their old currency before it was demonetized.
The decision to demonetize the currency caused temporary disruptions in the financial markets.
The Prime Minister assured the public that demonetization was a necessary step to address corruption and black money.
Small businesses faced challenges in adapting to the demonetization of high-value notes.
The process to demonetize the outdated coins and notes required meticulous planning.
Opposition parties accused the government of mishandling the demonetization process, leading to widespread chaos.
The demonetization policy aimed to promote digital transactions and reduce the reliance on cash.
Despite initial difficulties, the government remained committed to its decision to demonetize the currency for the long-term benefit of the economy.

deprive of value for paymentTo deprive of current value; to withdraw from use, as money.

attenuate, devalue, reduce,debase, depreciate, downgrade, write off, write down, devaluate, cheapen

mark up, blow up, appreciate, upgrade, blow up, inflate, inflate, enhance, mark up, appreciate

The government's decision to demonetize high-value currency notes was met with both praise and criticism.

The central bank announced plans to demonetize certain denominations to combat counterfeit currency.

Citizens rushed to banks to exchange their old currency before it was demonetized.

The decision to demonetize the currency caused temporary disruptions in the financial markets.