Inflected forms: de·mon·i·tized, de·mon·i·tiz·ing, de·mon·i·tiz·es 1. To divest (a coin, for example) of monetary value. 2. To stop using (a metal) as a monetary standard.
ETYMOLOGY:
French démonétiser : dé-, away from (from Old French de-; see de) + Latin monta, coin; see money.