Definition

The act of restoring a currency to its status as legal tender, allowing it to be used again for transactions and payments.

Example

The government announced the remonetization of the old currency to stabilize the economy.

Conversation

Have you heard about the remonetization plan they just announced?

Yeah, I read a bit about it — it sounds complicated.

It really does, but I think it’s important to understand how it works.

Definitely, especially since it could affect our economy in the long run.

Synonyms & Antonyms

Root Explanation

Remonetization → It is formed from "re-" (meaning again) and "monetization" (from Latin "moneta", meaning coin or currency, and the suffix "-ization", meaning the process of making). The word refers to the process of restoring or reintroducing a currency into circulation again.

Memory Tip

Think of 'again' ('re-') and the process of making something into currency ('monetization'). This helps you remember that remonetization means to bring a currency back into use.

Visually Confused Words