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Synonyms for demonetize

deprive of value for payment


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References in periodicals archive ?
New Delhi [India], Mar 5 ( ANI ): Congress president Rahul Gandhi on Monday said the Bharatiya Janata Party (BJP) has demonetised democracy.
Unable to dump their old currency notes, devotees are dropping the demonetised notes in donation boxes at Jagannath Temple in Puri and Lingaraja Temple in Bhubaneswar.
The government had on November 8, 2016, demonetised 500 and 1,000 rupee notes and had asked holders such notes to deposit in bank accounts by December 30, 2016.
If there has to be a window ( extension for depositing demonetised notes) then all of you ( petitioners and others) have to be considered," a bench comprising Chief Justice J S Khehar and Justices D Y Chandrachud and S K Kaul said.
This is a strategy (withdrawal of notes to check black money) that failed in 1978, after the Morarji Desai government demonetised Rs 1,000, Rs 5,000 and Rs 10,000 currency notes," said former Finance Minister P Chidambaram.
However, the said banknote will stand demonetised, and shall not be a legal tender from January 1, 2012.
In the past, the Reserve Bank had demonetised one and two cent coins and one and two dollar notes.
During investigation, it was found that officials of the bank in involvement with some businessmen misused the bank account of certain innocent persons to deposit huge amount of demonetised currency in their bank accounts.
Acting on a specific intelligence, the officers of DRI, Surat and the Central Goods and Services Tax (CGST) compliance unit in Vadodara raided the premises belonging to Yamuna Building Material in Bharuch and recovered demonetised currency notes of the face value of Rs 48.
Computer hard disk drives, Rs 7,000 of demonetised currency, Rs 12,000 cash
Last year in November, the government had demonetised the old 500 and 1,000 rupee notes.
By Shashank Shekhar in New Delhi SOON after the last date for depositing demonetised notes ended on March 31, central agencies started tracking dubious accounts and shell companies that carry out high- valued transaction accounts.
44 lakh crore) of Rs 500 and Rs 1,000 demonetised on November 8.
The demonetised notes account for around 86 per cent of the existing currency in circulation and around 9.
Instead of the demonetised denominations, new currency notes of Rs 500 and Rs 2,000 will be released to the public through banks and ATMs from Friday, November 11, 2016, stated Finance Secretary Ashok Lavasa.