demonetising
Stripping monetary value
Demonetising is the British spelling of demonetizing—the process of stripping something of its monetary value or status as currency.
Governments demonetise old banknotes when introducing new ones.
On platforms like YouTube, demonetising means removing a creator's ability to earn advertising revenue: The video was demonetised for violating community guidelines.
Not using physical money
- digital paymentsTransactions made electronically
- mobile paymentPurchase via smartphone
- e-walletElectronic payment storage system
- fintechTech-driven monetary services
online banking · QR code · contactless · UPI · digital economy · banking apps · electronic transfer · financial technology
Strong negative reaction
- uproarNoisy public disturbance
- protestPublic expression of disapproval
- outcryLoud public protest
- criticismJudgment of faults
opposition · dissent · debate · polarizing · contentious · scrutiny · disapproval · hardship
Currency conversion value
- plummetRapid downward descent
- slumpExtended period of decline
- downgradeReduce in status
- erosionGradual wearing away
weaken · decline · worthless · void · invalid · face value · purchasing power · black market
Officially recognized payment medium
- reserve bankNation's monetary authority
- anti-corruptionOpposing abuse of office
- tax evasionIllegally avoiding government dues
- transparencyState of being see-through
cashless
Not using physical money
- digital paymentsTransactions made electronically
- mobile paymentPurchase via smartphone
- e-walletElectronic payment storage system
fintech · online banking · QR code · contactless · UPI · digital economy · banking apps · electronic transfer · financial technology · payment gateway
backlash
Strong negative reaction
criticism · opposition · dissent · debate · polarizing · contentious · scrutiny · disapproval · hardship · disruption
exchange rate
Currency conversion value
erosion · weaken · decline · worthless · void · invalid · face value · purchasing power · black market
legal tender
Officially recognized payment medium
- reserve bankNation's monetary authority
- anti-corruptionOpposing abuse of office
- tax evasionIllegally avoiding government dues
demonetisingmonetising
Extracting financial value
minting · coining · printing money · issuing · validating
demonetisingmonetising
Extracting financial value
commodifying · commercialising · valuing · capitalising · valorising
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