মুদ্রারহিতকরণ;
demonetization definition
Demonetization is the act of stripping a currency unit of its status as legal tender.
demonetization শব্দটির synonyms বা প্রতিশব্দ
demonetisation, demonetization,
demonetization Example in a sentence
Demonetization refers to the abrupt discontinuation of a currency by the issuing government, rendering it valueless.
The Indian government’s demonetization move in 2016 saw the invalidation of high-value banknotes to combat black money and counterfeiting.
Demonetization can disrupt the economy, leading to short-term cash shortages and a temporary decline in consumption.
While demonetization aims to address specific economic issues, it also carries the risk of unintended consequences.
The implementation of demonetization should be carefully planned and executed to minimize economic disruption.
Demonetization can be effective in deterring illegal activities, such as tax evasion and money laundering.
Governments that implement demonetization policies must provide adequate notice and alternative arrangements for citizens to exchange their old currency.
Demonetization can disrupt supply chains and impact businesses that rely heavily on cash transactions.
The long-term impact of demonetization on the economy is often debated, with varying perspectives on its effectiveness.
Digital currency and cashless payment systems may reduce the need for demonetization in the future, as they provide greater transparency and traceability.