what is demonetization ?

                                  Demonetization is a act of stripping a currency unit of its status as legal tender it occurs whenever there is a change of  national currency.the current form or forms  of money is pulled from circulation and retired often to be replaced to new notes and coins.
                                                                                         the term demonetization has become household name since the government pulled  the old rupees of 500 & 1000 note out of circulation.

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