May I have your attention please....!!
Question:-
What is meant by Demonetization?
Answers
Answered by
9
the withdrawal of a coin, note, or precious metal from use as legal tender.
its the actual meaning
means the currency which is going on if the govt dosent accept it any more or being changed is also reffer as demonetization
after it legaly the currency has no value any more
its done to reveal the blackmoney or in emergency cases.
Answered by
5
Answer:
Explanation:
Demonetization is the act of stripping a currency unit of its status as legal tender.
It occurs whenever there is a change of national currency: The current form or forms of money is pulled from circulation and retired, often to be replaced with new notes or coins.
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