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monetize (v.)

"put into circulation as money," 1856, from Latin moneta "money" (see money (n.) ) + -ize. Related: Monetized; monetizing.

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Definitions of monetize from WordNet

monetize (v.)
give legal value to or establish as the legal tender of a country;
They monetized the lira
Synonyms: monetise
From wordnet.princeton.edu