demonetise
Revoke legal tender
Demonetise is the British spelling of demonetize, meaning to strip something of its status as legal tender or to remove its monetary value.
Governments demonetise currency when they withdraw particular notes or coins from circulation.
The term has gained new currency in the digital age, where platforms like YouTube demonetise content by removing its eligibility for advertising revenue: The video was demonetised for violating community guidelines.
Improve by correcting faults
- legislationOfficial enactment of statutes
- banOfficial restriction on something
- prohibitFormally disallow
- invalidateMake null or void
annul · revoke · rescind · repeal · nullify · discontinue · withdraw · decree
Not using physical money
- withdrawnEmotionally distant, disengaged
- invalidWithout legal force
- obsoleteNo longer in use
- discontinuedNo longer available
void · revoked · annulled · canceled · defunct · phased-out · unusable · worthless
Prolonged economic decline
- crisisDecisive dangerous moment
- downturnEconomic decline period
- slowdownReduction in pace
- disruptionForceful interruption of process
liquidity · corruption · tax evasion · shadow economy · hoarding · queues · hardship · shortage
Not using physical money
- digital paymentNon-cash electronic transaction
- mobile walletPhone-based payment system
- electronic transferDigital funds transmission
- fintechTech-driven monetary services
bank account · online banking · UPI · SWIFT · cryptocurrency · blockchain · contactless · QR code
reform
Improve by correcting faults
- legislationOfficial enactment of statutes
- banOfficial restriction on something
- prohibitFormally disallow
invalidate · annul · revoke · rescind · repeal · nullify · discontinue · withdraw · decree · mandate
cashless
Not using physical money
discontinued · void · revoked · annulled · canceled · defunct · phased-out · unusable · worthless · scrapped
recession
Prolonged economic decline
disruption · liquidity · corruption · tax evasion · shadow economy · hoarding · queues · hardship · shortage · panic
cashless
Not using physical money
- digital paymentNon-cash electronic transaction
- mobile walletPhone-based payment system
- electronic transferDigital funds transmission
fintech · bank account · online banking · UPI · SWIFT · cryptocurrency · blockchain · contactless · QR code · e-commerce
demonetisemonetise
Make something yield income
commercialize · commodify · capitalize · fund · sponsor
demonetized, demonetize, demonetizing, demonetizes, demonetised, demonetising, demonetises, demonetisation