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What is demonetization?? |
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Answer» Aadu aap 11 me hindi loge ya I. T.... Hello Hi ? Demonetization\xa0is 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\xa0demonetization\xa0is remonetization, in which a form of payment is restored as legal tender.\xa0Demonetization\xa0was initiated with a wide array of motives like stripping the\xa0Indian\xa0economy of its black money, push people to pay taxes for the unaccounted pile of cash, curb terrorism, promote the digital\xa0India\xa0movement and make\xa0India\xa0a cashless economy. |
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