Question

What is demonitization?

Answer 1

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.

Answer 2

demonetization is step or change that brings about change in currency notrs.or devalueing the old notes is called demonetization.
it is nothing but change or alteration of notes