Archive for December, 2016

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December 16, 2016 · Jennifer · Enter your password to view comments.
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Demonetization is the act of stripping a currency unit of its status as legal tender

DEFINITION of ‘Demonetization’Demonetization is the act of stripping a currency unit of its status as legal tender. Demonetization is necessary whenever there is a change of national currency. The old unit of currency must be retired and replaced with a new currency unit.The opposite of demonetization is remonetization where a form of payment is restored […]

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December 6, 2016 · Jennifer · No Comments
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