Monetize (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
- They monetized the lira to elevate its status as a recognized currency globally.
- The central bank monetized the commodity-backed currency in the hopes of stabilizing the economy.
- After years of struggling with inflation, the government decided to monetize the new digital currency.
- By monetizing the local currency, the country was able to better regulate its financial markets.
- The decision to monetize the gold standard helped establish a stable exchange rate with foreign currencies.