Demonetization
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Demonetization
Government withdrawal of a form of currency from circulation e.g. a particular note, coinage, or precious metal.
References in periodicals archive
As the central bank prepares to
demonetize the old-designed banknotes and increase local production of "piso" bills, it is also readying to bid out its third superline banknotes printer this month, according to sources.
But even with the issuance of new generation coins, the BSP would not yet
demonetize the existing ones, Guinigundo said.
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