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Monetise (Verb)

Meaning

Give legal value to or establish as the legal tender of a country; "They monetized the lira".

Classification

Verbs of political and social activities and events.

Examples

  • The central bank decided to monetise the peso as part of the country's efforts to move away from the US dollar.
  • The newly independent nation chose to monetise a unique national currency and introduce it to international markets.
  • Their plan to monetise the yuan backfired when its value began to plummet against other major currencies.
  • The country's central bank took the bold step to monetise the gold reserve and introduce a new standard.
  • After years of using a foreign currency, the government decided to monetise the Som and make it the new official currency.

Synonyms

  • Monetize

Hypernyms

  • Legitimate
  • Legitimise
  • Legitimize
  • Legitimatize
  • Legitimatise
  • Legalize
  • Decriminalize
  • Decriminalise

Related Words

  • Monetisation (noun)
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