What is Demonetisation - How Impact of Demonetisation in Economy

Demonetisation is the act of removing the status of a legal tender from a unit of currency currently in circulation in the economy. It is a move used by governments to remove units of the existing currency in an economy.

Demonetisation can have serious consequences on the economy both on macroeconomics and microeconomics front. A sudden removal of currency can hamper economic activity. Therefore, there needs to be constant regulation in case such a move is implemented by the government and the central bank.

 


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