What is meant by demonitisation ?
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On 8 November 2016, the Government of India announced the demonetisation of all ₹500 and ₹1000 banknotes of the Mahatma Gandhi Series. It also announced the issuance of new ₹500 and ₹2000 banknotes in exchange for the demonetised banknotes.
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Demonetisation and its side-effects. ... While as per dictionary demonetisation means "ending something (e.g. gold or silver) that is no longer the legal tender of a country", one needs to see if there is anything more to theword. ET shares details of the word that has got all Indians worked up over the past three week.
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