Demonetization refers to an economic policy where a certain currency unit ceases to be recognized or used as a form of legal tender. In other words, a currency unit still loses its legal tender status as a new one comes into circulation. The government can take such decisions to stop the … [Read more...]
Demonetization: Advantages and Disadvantages of Demonetization
What is demonetization? Demonetization occurs when a particular type of currency is withdrawn from circulation. In such a situation, the demonetized currency ceases to be recognized as a legal tender. Demonetization means stopping a form of currency from being legal tender. That means that this … [Read more...]