What do u mean by demonetiation
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hey..
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.
hope it helps
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.
hope it helps
Answered by
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Hi there
Your answer is :-
Demonitisation is the process in which particular currency is nor more valid after a decided date,and a new currency is introduced.Although this process takes time to happen and resolve the .To make a demonitisation a gov. need full support of their public as they have to face numbers of problem.Lets take the example of our India itself,the country was gone cashless for a week but the people of India supported and finally now situations are getting better.
Thank You
Your answer is :-
Demonitisation is the process in which particular currency is nor more valid after a decided date,and a new currency is introduced.Although this process takes time to happen and resolve the .To make a demonitisation a gov. need full support of their public as they have to face numbers of problem.Lets take the example of our India itself,the country was gone cashless for a week but the people of India supported and finally now situations are getting better.
Thank You
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