n. The act of demonetizing, or the condition of being demonetized; specificially, the declaration by a government that something (e.g. gold or silver) is no longer the legal tender of a country; as, the demonetization of gold. [ 1913 Webster + WordNet 1.5 ]
n. An economic theory holding that the rate of growth of the money supply is the priunciple cause of changes in inflation, economic growth, and unemployment. [ PJC ]
a. [ L. monetarius belonging to a mint. See Money. ] Of or pertaining to money, or consisting of money; pecuniary. “The monetary relations of Europe.” E. Everett. [ 1913 Webster ]
Monetary unit, the standard of a national currency, as the dollar in the United States, the pound in England, the peso in Mexico, the ruble in Russia, the franc in France, the mark in Germany. Also, the standard of an international currency, such as the euro used in the European union. [ 1913 Webster +PJC ]
n. The act or process of converting into money, or of establishing something (e.g. gold or silver) as the legal tender of a country; as, the monetization of silver. [ 1913 Webster ]
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