what is demonitiazation
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it's demonetization. Stripping of a currency unit from its status. That currency unit is replaced with a new currency unit
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Demonetization is like termination. When something is demonetized, it is stopped or ended and is no longer in use and is not valid for payment system. It is mostly related to money. For example, our Prime minister, Mr.Narendra Modi has demonetized 500 and 1000 rupee notes in order to avoid corruption (black money). It has many advantages like curbing corruption and stopping black money. If our nation becomes a corruption free nation that day the true day we get freedom. This is why our Prime minister has placed this order. So the government should encourage demonetization. I believe this would surely make our country corruption free. Hope this helps!
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