meaning of demonitization plz correct meaning koi bta do I am in trouble
Answers
Answer:
the withdrawal of a coin, note, or precious metal from use as legal tender.
Explanation:
Definition of demonetize. transitive verb. 1 : to stop using (a metal) as a monetary standard. 2 : to deprive of value for official payment.
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. 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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Answer:
withdraw (money or the like) from use as currency. kissi mudra ka chalan band krna