Definition of demonetization in English:

demonetization

(British demonetisation)

noun

mass noun
  • The withdrawal of a coin, note, or precious metal from use as legal tender.

    ‘the demonetization of the local currency will be completed by June’

Pronunciation

demonetization

/diːˌmʌnɪtʌɪˈzeɪʃ(ə)n/