Meaning of the word demonetize in English

What does demonetize mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

demonetize

US /diːˈmʌn.ɪ.taɪz/
UK /diːˈmʌn.ɪ.taɪz/
"demonetize" picture

Verb

1.

to prevent a video or channel from earning money from advertisements, especially on social media platforms

Example:
The video was demonetized because it contained copyrighted music.
Content creators fear that controversial topics might demonetize their channels.
2.

to withdraw a coin, note, or precious metal from use as legal tender

Example:
The government decided to demonetize the old currency notes.
Silver was demonetized in the late 19th century.