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What does demonetized mean?

Looking for the meaning or definition of the word demonetized? Here's what it means.

Verb
  1. simple past tense and past participle of demonetize
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Examples
If gold was really to be demonetized, then the enormous stocks relative to flows would have to be dissipated first through consumption.
Finally, Malic said, starting January 1, 2017, demonetized banknotes will no longer have monetary value.
But by 4 February 1797, when the mandates were officially demonetized, the revolutionary experiment with paper money was at an end.
In an economy that only three years ago was as demonetized as Cambodia under the Khmer Rouge, people are now allowed to fix bicycles, repair shoes and sell sundries at sidewalk stands.
The dollar remains a stable currency backed by a highly productive economy with low inflation and by the assurance that it will not be demonetized, recalled, or devalued.
We're well over a decade into this utopia of demonetized sharing and almost everyone who does the kind of work that has been collectivized online is getting poorer.

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