Entry 1 sense Webster, 1913 demonetization · de·mon·e·ti·za·tion · IPA /diˌmɑn.ə.taɪˈzeɪ.ʃən/ 01 n. The act of demonetizing, or the condition of being demonetized; 1. The act of demonetizing, or the condition of being demonetized;