Printer Friendly
The Free Dictionary
990,503,734 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

demonetization

   Also found in: Dictionary/thesaurus 0.04 sec.
demonetization (dē'mŏn'ətəzā`shən), governmental withdrawal of the monetary quality from particular coinage or precious metal. By demonetization former money is no longer legal tender, although in certain cases it may still be used as money of exchange, i.e., the actual metallic value may sometimes be accepted in discharge of indebtedness. However, such was not the case with regard to the demonetization (1933) of U.S. gold. The demonetization law stipulated that gold may not lawfully be used in domestic exchange, although it may be purchased for shipment abroad. Other instances of demonetization were the American conversion (1873) of silver into money of exchange and the similar British conversion (1889) of pre-Victorian gold coins. See money money, term that actually refers to two concepts: the abstract unit of account in terms of which the value of goods, services, and obligations can be compared; and anything that is widely established as a means of payment.
..... Click the link for more information. .
?Page tools
Printer friendly
Cite / link
 Email
Feedback
? Mentioned in ? References in periodicals archive
 
For ordinary people, economic insecurity was made worse by the regime's arbitrary policies (the demonetization without compensation of September 1987, which wiped out ordinary people's savings and sparked the first student demonstrations in over a decade).
The state and the city: 1988 and the transformation of Rangoon by Seekins, Donald M. / Pacific Affairs
The ongoing demonetization of Special Drawing Rights (SDR) certificates, discussed in last year's report, drained $4 billion from the supply of Fed balances.
Domestic Open Market Operations during 2000 by Hilton, Spence / Federal Reserve Bulletin
No decisions have been made, except that there will be no recall or demonetization of existing currency.
Statement by Edward W. Kelley, Jr., member, Board of Governors of the ... by Federal Reserve Bulletin
More results
 
Encyclopedia browser? ? Full browser
 
 
Encyclopedia
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.