What is demonetization?



What is demonetization?..

Answer / Kana Ram Yogi

Demonetization refers to the process of removing certain banknotes from circulation. In India, a notable instance occurred in 2016 when the government announced that the 500 and 1000 rupee notes would no longer be legal tender, with the intention of curbing corruption, black money, and counterfeit currency.

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