demonetize

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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.

demonetize

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