Demonetize Definition
 dē-mŏnĭ-tīz, -mŭn- 
  demonetized, demonetizing, demonetize
  
    verb
  
 
    demonetized
  
To deprive (esp. currency) of its standard value.
 Webster's New World 
To stop using (silver or gold) as a monetary standard.
 Webster's New World 
To withdraw the status of legal tender from a coin (etc.) and remove it from circulation.
Wiktionary 
Synonyms: 
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