The Collaborative International Dictionary of English v.0.48:
Monetize \Mon"e*tize\, v. t. To convert into money; to adopt as current money; as, to monetize silver. [1913 Webster]WordNet (r) 3.0 (2006):
monetize v 1: give legal value to or establish as the legal tender of a country; "They monetized the lira" [syn: monetize, monetise]