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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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It is the fact of monetization for one of the metals, and demonetization for the other.
Furthermore, if you apply a too large discount, we'll arrive at a demonetization of the share after the battle.
It was by that demonetization that the people of Europe were enabled, with gold, to buy silver at 30 per cent.
Although India undertook similar demonetization projects in 1946 and 1978, Modi's program is recently unmatched in scale and speed.
And so it was that our cotton planters, by the demonetization of silver, were placed alongside the barbarous people of India.
The House or the Senate, I 've forgotten which, had passed the demonetization bill.

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