asl speech on topic demonetisation
Answers
Answered by
4
This concept surely seems familiar to all of us, as it is now filling newspapers and newsrooms across the country.
Demonetization is the legal act of making a currency invalid, and replacing it with a new one.In other words, it could be a removal of a particular currency, say Rs 1000, from circulation, and issuing a new one of equivalent value or denomination.Demonetization takes places also , when the currency of a nation changes. The concept of demonetization is not something new in modern India as it has gone through the same twice - in 1946 and 1978.
Many instances of demonetization have taken place in the world.One classic example would be the withdrawal of currencies in countries under the European Union to replace them with Euro. However, it was not a sudden and unexpected move.People in those countries were given enough time to convert the old currencies to the euro to ensure a smooth transition.
Such a move could definitely affect people, but as a process, demonetization has proven effective in controlling counterfeiting and black money in any country.
Demonetization is the legal act of making a currency invalid, and replacing it with a new one.In other words, it could be a removal of a particular currency, say Rs 1000, from circulation, and issuing a new one of equivalent value or denomination.Demonetization takes places also , when the currency of a nation changes. The concept of demonetization is not something new in modern India as it has gone through the same twice - in 1946 and 1978.
Many instances of demonetization have taken place in the world.One classic example would be the withdrawal of currencies in countries under the European Union to replace them with Euro. However, it was not a sudden and unexpected move.People in those countries were given enough time to convert the old currencies to the euro to ensure a smooth transition.
Such a move could definitely affect people, but as a process, demonetization has proven effective in controlling counterfeiting and black money in any country.
Similar questions