Tag Archive | Demonetisation
Demonetisation of Indian Currency Notes: Implications and Effects
What demonetisation is….
The act of banning a currency of being a legal tender is termed as demonetisation. Whenever a country changes its national currency in order to curb counterfeiting and money-laundering, it issues a notice of demonetisation of its older currency of particular denomination and the particular currency is retired and replaced with the new currency. A recent example of demonetisation is that of 500 and 1000 denomination currency units of India.