remonetise
Definition
Verb: - To restore (a metal, especially silver or gold) as legal tender: "remonetise" means to re-establish a commodity or coin as official currency, reversing a previous demonetisation. - To reinstate the monetary value of: More broadly, it refers to restoring the status of something as a medium of exchange or a standard of value.
Usage Examples
- (The government restored silver as official currency.)
- (The bank reinstated the coins as legal tender.)
- (The reforms restored the monetary function of agricultural goods.)
Advanced Usage
"to remonetise a currency": to reintroduce a specific type of money into circulation.
- The nation chose to remonetise its silver dollars to stimulate the economy. (The country brought back silver dollars as official money.)
"remonetisation" (noun): the process of restoring something as legal tender.
- The remonetisation of gold was a controversial policy decision. (The act of reinstating gold as currency sparked debate.)
Variants and Related Words
Remonetisation (noun): the act or process of restoring something as money.
- The remonetisation of the old banknotes took several months. (The restoration process required time.)
Demonetise (verb): to deprive (a coin, note, or metal) of its status as legal tender.
- The government decided to demonetise the old paper notes. (They removed their official status as money.)
Monetise (verb): to convert something into money or to set (something) as legal tender.
- The company sought to monetise its data by selling it. (They turned data into a source of revenue.)
Synonyms
- Re-establish as currency: to restore something as a medium of exchange.
- Reintroduce as money: to bring back a commodity as official tender.
Phrasal Verbs
Related Idioms