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demonetization

The Columbia Encyclopedia, 6th ed. | 2011 | Copyright

demonetization , governmental withdrawal of the monetary quality from particular coinage or precious metal. By demonetization former money is no longer legal tender, although in certain cases it may still be used as money of exchange, i.e., the actual metallic value may sometimes be accepted in discharge of indebtedness. However, such was not the case with regard to the demonetization (1933) of U.S. gold. The demonetization law stipulated that gold may not lawfully be used in domestic exchange, although it may be purchased for shipment abroad. Other instances of demonetization were the American conversion (1873) of silver into money of exchange and the similar British conversion (1889) of pre-Victorian gold coins. See money .

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demonetize

The Oxford Pocket Dictionary of Current English | 2009 | Copyright

de·mon·e·tize / dēˈmäniˌtīz/ • v. [tr.] (usu. be demonetized) deprive (a coin or precious metal) of its status as money. DERIVATIVES: de·mon·e·ti·za·tion / -ˌmänitəˈzāshən/ n.

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"demonetize." The Oxford Pocket Dictionary of Current English. 2009. Encyclopedia.com. 29 May. 2012 <http://www.encyclopedia.com>.

"demonetize." The Oxford Pocket Dictionary of Current English. 2009. Encyclopedia.com. (May 29, 2012). http://www.encyclopedia.com/doc/1O999-demonetize.html

"demonetize." The Oxford Pocket Dictionary of Current English. 2009. Retrieved May 29, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O999-demonetize.html

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demonetize

The Concise Oxford Dictionary of English Etymology | 1996 | | Copyright

demonetize deprive of standard monetary value. XIX. — F. démonétiser, f. DE- 7 + L. monēta MONEY; see -IZE.

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T. F. HOAD. "demonetize." The Concise Oxford Dictionary of English Etymology. 1996. Encyclopedia.com. 29 May. 2012 <http://www.encyclopedia.com>.

T. F. HOAD. "demonetize." The Concise Oxford Dictionary of English Etymology. 1996. Encyclopedia.com. (May 29, 2012). http://www.encyclopedia.com/doc/1O27-demonetize.html

T. F. HOAD. "demonetize." The Concise Oxford Dictionary of English Etymology. 1996. Retrieved May 29, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O27-demonetize.html

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Free newspaper and magazine articles

	SBP urged to extend date for exchanging old notes of Rs 500. Newspaper article from: The Nation (Karachi, Pakistan); 10/26/2011
	BSP orders more New Generation Currency.(Main Business) Newspaper article from: Manila Bulletin; 4/20/2011
	State Banks reminder for exchanging old Rs500 notes. Newspaper article from: The Nation (Karachi, Pakistan); 6/12/2011