GNU Webster's 1913
- n. same as demonetization.
- n. ending something (e.g. gold or silver) as no longer the legal tender of a country
“She also discusses the some of the reasons behind the demonetisation of the religion and why Famm Voudou pou Ayiti want to establish their own school. mp3. from pambazuka. tags: atrs, ayiti, cultural appreciation, current events mood: calm media: Fahamu - Voudou Priestess Madame Evonne Auguste un ange vole? link memories”
“West, coupled with the demonetisation of silver, brought down prices with a run.”
“He now ventures to suggest that the present demonetisation of gold may well he availed of for the purpose of taking one considerable step towards these great ends.”
“More than one million people rose up on August 8 that year to protest an entrenched military-backed regime headed by General Ne Win that had wiped out the savings of many with a sudden demonetisation of the currency.”
“This is due, in part, to governments of old not adequately capitalising them, exacerbated by years of operating losses, and compounded by the erosion of capital through hyperinflation and associated recurrent currency redenominations and eventual currency demonetisation.”
“January 1980 states: The reasons that have led us to this conclusion are that the coin is obsolete in fact it has been so for a number of years and that demonetisation will enable us to recover the quite valuable stock of metal that is locked up in sixpenny bits.”
“Sudden demonetisation would, for a start, bring down the circulation of black money since you would have to explain to the authorities how you came into possession of the cash you wanted to exchange for new legal tender.”
“The dollarisation of the economy and the resulting demonetisation of the Zimbabwean dollar impacted negatively on banking institutions as Zimbabwe dollar deposits were rendered useless.”
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