"Demonetise" Pronounce,Meaning And Examples
"Demonetise" Natural Recordings by Native Speakers
"Demonetise" Meaning
To demonetise something means to remove its official value or recognition as a medium of exchange, often due to economic or financial instability. This can be done to a currency, a financial instrument, or even a digital token. The goal is usually to restore stability and prevent further economic damage.
"Demonetise" Examples
Usage Examples for "demonetise"
The government has decided to demonetise the old currency to curb counterfeit money circulation and promote digital transactions in the country.
The company's decision to demonetise its coins has led to a significant reduction in the amount of change they have to handle.
The artist was forced to demonetise his work due to the controversy surrounding its controversial content.
The introduction of digital payment systems has led to a gradual demonetisation of cash usage among the younger population.
The central bank took the step to demonetise the high denomination notes to prevent illegal activities and money laundering.
"Demonetise" Similar Words
Demolishes
Demolishing
Demolishing means to tear down or destroy something, especially a building, by force or violence, usually to make way for a new construction or to remove something that is considered to be in a state of disrepair or ruin. It can also mean to destroy or undermine something, such as an idea, argument, or personality, often aggressively or violently.
Demolition
Demolition refers to the process of tearing down or dismantling a structure, building, or object, often to make way for new construction or to remove a damaged or hazardous building. It can also refer to the act of destroying something, such as a relationship or an idea.
Demolitionist
Demolitions
Demon
A demon is a supernatural being, often depicted as a malevolent or evil spirit, in mythology, folklore, and fiction. In many cultures, demons are believed to be evil entities that can possess or harm humans. They may be characterized by their ability to tempt people away from good behavior and towards evil or morally wrong actions.
Demoness
Demonetisation
Demonetisation is a process of removing a currency from circulation, often unexpectedly, and replacing it with a new currency or a digital alternative. It is usually done to curb black money, corruption, and tax evasion, and to promote digital payments.
Demonetization
Demonetize
Demoniac
Demoniacal
Demoniacally
Demoniacism
Demoniacs
Demonial