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monetary

adjective
USMON-i-tair-ee/ˈmɑnɪˌtɛɹi/UKMUN-i-tuh-ree/ˈmʌnɪtəɹi/AUSMUN-uh-tair-ee/ˈmɐn.ə.teː.ɹi/

1 meaning of monetary

Practice

  1. 1
    adjective
    Relating to money, or consisting of money.

    The central bank tightened monetary policy to bring inflation under control.

    Winners receive a trophy and a certificate but no monetary prize.

    Similarfinancial

    Note

    A Roman temple stands behind the word: the chief mint worked at the Temple of Juno Moneta from 273 BC to AD 84, so moneta came to mean a mint and then coinage, and Late Latin monētārius widened to anything to do with money. Today it sits before a noun, as in monetary value or a monetary prize, and in economics monetary policy means steering interest rates.

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Origin

From Middle French monétaire, from Late Latin monētārius ("pertaining to money"), from Latin monētārius ("of a mint"), from monēta ("mint, coinage"). Monēta took that meaning because Rome's chief mint stood at the Temple of Juno Moneta from 273 BC to AD 84. It is a doublet of minter.