explain demonitization in short
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Demonetization is the act of stripping a currency unit of its status as legal tender. Sometimes, a country completely replaces the old currency with new currency. The opposite of demonetization is remonetization, in which a form of payment is restored as legal tender.
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act of stripping a currency unit of its status as legal tender. the opposite of demonitization is remonitization, in which a form of payment is restored as legal tender
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