verb
- to restore (a metal, especially gold or silver) to use as legal tender or currency
Usage: economics; finance
Examples
- The country decided to remonetize silver after years of using only paper currency.
- Economic experts debated whether to remonetize gold during the financial crisis.
- The government’s plan to remonetize precious metals faced strong opposition.
- Some economists argue that nations should remonetize gold to stabilize their currencies.
- The central bank considered whether to remonetize silver coins for everyday transactions.
- Historical precedent shows that countries often remonetize metals during economic uncertainty.