Give legal value to or establish as the legal tender of a country:
— They monetized the lira.

synonym: monetise.

Roget 800: amount to, come to, mount up to; touch the pocket; draw, draw upon; indorse etc. (security) 771; issue, utter; discount etc. 813; back; demonetize, remonetize; fiscalize^†, monetize.    circulate, be in circulation; be out of circulation.    [manufacture currency] mint (coins), coin; print (paper currency). [vary the value of money] inflate, deflate; debase; devalue, revalue.    [vary the amount of money] circulate, put in circulation; withdraw from circulation.    [change the type of currency] exchange currencies, change money.    charge interest; pay interest; lose interest.    ... show more

Dutch: monetariseren