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What is a demonetization?

What is a demonetization? Here are some definitions.

Noun
  1. The act or process of demonetizing
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Examples
But what shall be said in defense of the demonetization of silver by the United States?
Her income and creditor classes are daily in receipt of an unearned increment to their wealth by reason of that demonetization.
Although India undertook similar demonetization projects in 1946 and 1978, Modi's program is recently unmatched in scale and speed.
Whether Modi's short-term demonetization succeeds will depend in large part on the initiative's long-term plan.
The motive for the demonetization of silver was precisely the same that had previously inspired the demonetization of gold.
What really placed us alongside such barbarous countries as India was the demonetization of silver.

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