demonetize

(redirected from demonetised)
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Synonyms for demonetize

deprive of value for payment

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References in periodicals archive ?
He claimed he lost his business and reputation as the demonetised currency notes were not accepted by Tamil Nadu Mercantile Bank.
The Coinage Act of 1873 demonetised silver in favour of the gold standard as the legal tender of the US.
The SBP submitted that the federal government in terms of Section 15-A of the Pakistan Coinage Act III demonetised the coins of paisa 1, 2, 5, 10, 25 and 50 through a notification of ministry of finance from Oct 1, 2014, adding that the lowest legal tender denomination of Pakistani currency was Re1 coin and highest denomination was Rs5,000 banknote.
Earlier, the Reserve Bank of India (RBI) said that 99.3 per cent of the demonetised Rs 500 and Rs 1,000 notes have returned to the banking system, adding the Indian economy had suffered due to the notes ban by way of job loss, closure of industries and the GDP growth.
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.
Global Banking News-November 23, 2016--Indian central bank data shows more than half of demonetised currency notes exchanged
Panaji -- Even as hundreds of thousands of people across India queue up outside ATMs and banks for a fourth day to surrender demonetised currency and withdraw cash, Prime Minister Narendra Modi on Sunday made an impassioned plea to the nation to give him 50 days to weed out ill-gotten wealth in India.
In short, the government has only demonetised the use of Rs.
Speaking to Gulf Times from Hyderabad, State Bank of India's chief general manager, S.Adikesavan said while NRIs can deposit the demonetised notes in their NRO accounts with banks in India, they cannot deposit cash in their NRO account from a foreign country.
However, the said banknote will stand demonetised, and shall not be a legal tender from January 1, 2012.
The last UK coin to be "demonetised" was the larger, old 10p in 1993.
Summary: New Delhi [India], Aug 23 (ANI): The Enforcement Directorate conducted searches at the residence and offices of chairman and the managing director of Deccan Chronicle Holding Limited and recovered five lakh in the demonetised currency in connection with a bank loan fraud case.
The Coinage Act of 1873 demonetised silver in favour of adopting the gold standard as the legal tender of the United States.