👉 Demonetization is a process of removing or reducing the value of currency notes and coins from circulation in a country. This can be done through various means, such as issuing new notes with lower denominations or replacing existing ones with new ones that are less valuable. In some countries, the government may also implement strict controls on the number of notes it issues to ensure that there is enough money circulating for everyday transactions and businesses. This process can lead to a decrease in the value of currency, making