Remonetization

Remonetization refers to the process of restoring the use of a previously demonetized currency or asset as legal tender. This can occur when a government decides to reintroduce a currency that was previously withdrawn from circulation, or when a commodity like gold is reestablished as a basis for monetary value. Remonetization can also occur when new forms of digital or alternative currencies gain legal status as a means of payment.

Example

A country that demonetized its national currency during hyperinflation may decide to remonetize it once the economic situation stabilizes, reestablishing it as legal tender.