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Definitions from WordNet

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Demonetization

Noun: The act of stripping a currency unit of its status as legal tender.

Example sentence: The demonetization of the 500 and 1000 rupee notes in India caused a significant disruption in the economy.

Noun: The state or process of converting something into a non-monetary form.

Example sentence: The demonetization of gold and silver coins by the government led to the rise of paper currency.

Noun: The action of withdrawing a particular form of currency from circulation.

Example sentence: The sudden demonetization of the old banknotes caused long queues outside the banks.

Adjective: Relating to or caused by demonetization.

Example sentence: The demonetization effect resulted in a decrease in the country's GDP.

Related products on Amazon: Books on Demonetization, Economics of Demonetization