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Waht is demonetisation

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Waht is demonetisation

Posted by Shivani Jaiswal 6 years, 10 months ago

CBSE > Class 12 > Business Studies

1 answers

Yogita Ingle 6 years, 10 months ago

Demonetization is a process of stripping a currency unit of its status as a legal tender. In simple words, when the Government demonetized the 500 and 1000 rupees notes, they were no longer valid as legal currency. Usually, a new currency replaces the old currency unit/s.

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