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.