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Devaluation vs Demonetization - What's the difference?

devaluation | demonetization |

As nouns the difference between devaluation and demonetization

is that devaluation is devaluation while demonetization is the act or process of demonetizing.

devaluation

English

Noun

(en noun)
  • The removal or lessening of something's value.
  • The intentional or deliberate lowering of a currency's value compared to another country's currency or a standard value -- the price of gold for example.
  • Depreciation.

    • demonetization

    English

    Noun

    (en noun)
  • The act or process of demonetizing