English, asked by Honey40481, 1 year ago

What is the demonitisation ?

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Answered by jhansijeyakumar12
0

Answer:

Demonetization is the act of stripping a currency unit of its status as legal tender. 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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Answered by sadwisai8
1

Answer:

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.

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