Removing the legal tender status of a unit of currency is a drastic intervention into an economy because it directly affects the medium of exchange used in all economic transaction… See more

There are several advantages when a nation demonetizes its currency. Fraudulent financial practices may be minimized as individuals will be unable to exchange illegal tend… See more

Lastly, demonetization has been tried as a tool to modernize a cash-dependent developing economy and to combat corruption and crime (counterfeiting,
). In 2016, t… See more

Demonetization can also refer to the business practice of denying payment and is often experienced related to social media. Demonetization happens when a platform's c… See more

Demonetization has been used to stabilize the value of a currency or combat inflation. Some countries have demonetized currencies in order to facilitate trade or form currency u… See more