What is demonetization??
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Posted by Siddharth .(.$Id) 5 years, 6 months ago
- 4 answers
Meghna Thapar 5 years, 6 months ago
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. Demonetization was initiated with a wide array of motives like stripping the Indian economy of its black money, push people to pay taxes for the unaccounted pile of cash, curb terrorism, promote the digital India movement and make India a cashless economy.
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? Royal Thakur ? 5 years, 6 months ago
2Thank You